AOL reckons Big Apple is where the ad action is
AOL is reorganising its online ad business and moving its corporate headquarters to New York City. By Andrew Clark in New York.
WPP buys up US digital agency
Sir Martin Sorrell's WPP has acquired Schematic, the US digital agency behind the redesign of ITV.com. By Mark Sweney.
MTV plans video games push
12pm: MTV Networks is planning to spend $500m (£250m) on developing video games as part of a two-year worldwide strategy to extend its programming brands beyond the TV screen. By Maria Esposito.
Microsoft buys digital ad firm
Microsoft has completed its biggest-ever deal with the $6.5bn acquisition of digital marketing specialist aQuantive. By Mark Sweney.
Harry Potter works magic for Time Warner profits
Time Warner, which includes the Warner Bros film studio, internet firm AOL and the TV network CNN, saw profits rise 5.2% to $1.07bn in the three months to June 30. By Katie Allen.
Government switches to digital advertising
12.30pm: Government advertising on digital media has been boosted by 85.4% year on year. By Mark Sweney.
Google shares slide as it misses Wall St targets
Search giant last night shocked investors with lower-than expected profits after spending more than planned on new hires and staff bonuses. By John Sterlicchi in Florida.
Cossette cues up Dare takeover
4pm: Digital creative agency Dare has sold a majority stake to Canadian marketing services company Cossette. By Mark Sweney.
Purnell named culture secretary
2pm update: James Purnell has replaced Tessa Jowell as secretary of state for culture, media and sport. By Chris Tryhorn.
Bolloré resists joining digital race
2.30pm: Havas chairman Vincent Bolloré has said he will not get caught in the race to buy digital ad firms. By Mark Sweney in Cannes.
Sony links up with Vaughn and Thykier
5pm: Sony Pictures has signed a deal with the production company run by film producer Matthew Vaughn and former PR man Kris Thykier. By Mark Sweney.
Magic Kingdom woos China with tale of an enchanted vegetable
Disney bid for global appeal with the latest Pirates of the Caribbean - now it is aiming for the biggest single market. By Katie Allen.
Privacy concerns prompt inquiry into Google’s £1.5bn purchase of DoubleClick
The US federal trade commission to investigate Google's $3.1bn takeover of internet marketing firm DoubleClick. By Andrew Clark in New York.
Microsoft in $6bn marketing deal
2.15pm update: Microsoft has acquired global digital marketing company aQuantive for $6bn. By Mark Sweney.
Microsoft: $6bn deal a ‘big bet’
5pm: Microsoft has admitted that the $6bn it paid for aQuantive is a 'big bet'. By Mark Sweney.