CHICAGO-- Some of the largest ad agencies and public relations firms in the nation are competing for a multimillion-dollar contract with the state of Illinois to promote a feature of the national health overhaul law. Illinois officials began evaluating bids from 13 companies Wednesday for the marketing of the new health insurance marketplace.
May 8- Online media group AOL Inc said on Wednesday that first-quarter revenue grew on strength in its advertising business, but shares sank on concerns that profits were still mostly coming from a shrinking dial-up platform. said Ben Schachter, an analyst with Macquarie Research. "
May 8- Online media group AOL Inc on Wednesday reported first-quarter revenue grew on strength in its advertising business, but shares tumbled on concerns that profits were still mostly coming from a shrinking dial-up platform. said Ben Schachter, an analyst with Macquarie Research. "
May 1- Sumner Redstone had a good day on Wednesday as his two companies Viacom Inc and CBS Corp reported quarterly results that beat Wall Street estimates on the back of unexpectedly strong TV advertising revenue. Viacom shares touched a new multiyear high before closing up 2.6 percent on the Nasdaq, while CBS shares rose 1 percent in after-hours trading.
May 1- Facebook Inc's mobile advertising business continued to expand in the first three months of the year, but the social network's rising spending restrained profit growth. Shares of Facebook were up 11 cents at $27.54 in after-hours trading on Wednesday.
May 1- Facebook Inc's first-quarter revenue increased 38 percent year-on-year, as the world's largest social network continued to grow its mobile advertising business. Shares of Facebook were down 43 cents at $27 in after-hours trading on Wednesday.
*Time Warner, Comcast, Viacom all top Wall St estimates. May 1- Some of the biggest U.S. media conglomerates beat earnings expectations on Wednesday, though Time Warner Inc, Viacom Inc and Comcast Corp all showed signs of being susceptible to swings in TV advertising revenue.