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Aegis Media reports first revenue growth since 2008.(Financial report)

Europe Intelligence Wire

| May 18, 2010 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Guardian Unlimited)

Aegis, the UK-based media buying and research group, has reported a 1% year-on-year rise in organic revenue in the first quarter -- the first growth since 2008.

Aegis Media, which reported a 9.7% fall in organic revenues last year, said that based upon a "slightly more optimistic view of the world outlook" the group is budgeting for "modest" growth in 2010.

The company said that total organic revenues were up 1.1% year on year in the first quarter. Growth was driven by Aegis Media, which includes media operations such as Carat and Vizeum, which delivered 3% year-on-year growth. However, research division Synovate contiued to be a …

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