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Kellogg and AOL Time Warner
link up in global marketing deal

LONDON - AOL Time Warner has signed a marketing agreement with Kellogg, which will see the breakfast cereal maker's brands promoted across the media firm's TV networks and online sites.

Barclay brothers losses hit £13.5m

LONDON - The Barclay brothers have suffered full-year losses of 13.5m on sales of 64m, hurt by a poor performance by their ailing weekly Sunday Business and a costly relaunch of Scottish daily The Scotsman.

Survey reveals 43 billion-dollar brands

LONDON - Coca-Cola and Marlboro are the world's biggest brands and feature among only 43 billion-dollar consumer product brands which can be considered "truly global", according to a survey by market research giant ACNielsen.

Martha Stewart sees magazine
advertising revenues rise

NEW YORK - US lifestyle publisher and retailer, Martha Stewart Living Omnimedia, has reported a trend-bucking increase in magazine advertising revenue as revenues rose by 12.5% for the third quarter.

Consortium given more time to
buy Regional Independent Media

LONDON - The three newspaper groups, Gannett, Guardian Media Group and Johnston Press, seeking to buy Regional Independent Media, publisher of the Yorkshire Post, have been given another year to pursue joint or separate acquisitions by the Department of Trade and Industry.

Allied Domecq may make bid for Malibu

LONDON - Allied Domecq, the UK spirits company, is expected to make an offer for Diageo's Malibu brand in a compromise following disputes over the ownership of Captain Morgan rum.

365 to be hit by costs of website closures

LONDON - 365 Corp, the internet content and telecoms company, has warned that it expects full-year earnings to be hit by costs incurred during restructuring the business and a series of website closures.

Hughes downgrading adds to
uncertainty of EchoStar deal

NEW YORK - EchoStar, already facing a potentially long-running regulatory battle, saw its chance of completing its 26bn ( 18bn) DirecTV deal take a hit as credit risk agency Moody's downgraded Hughes Electronics to junk status.

WPP threatens Takeover Panel
with judicial review

LONDON - WPP Group, which goes before the Takeover Panel in its attempt to get out of its 432m bid to buy Tempus, is understood to have threatened the City regulator with a judicial review if it does not force the media-buying group to release trading data.

Loans firm taken to task over
cheques not in the mail

LONDON - Loans firm the Independent Finance Corporation has been censured over a mailing that had proclaimed "cheque enclosed" on the envelope, but contained only promotional material for a loan.

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