LONDON - Tesco is shutting down its Tesco Screens in-store TV network, five years after the service, which was meant to revolutionise retail marketing, launched.

LONDON - DMGT’s sale of 75.1% of the Evening Standard to Alexander Lebedev completed today, as it emerged there will up to 19 redundancies at the paper.

LONDON - Digital content creator Cube Interactive has been awarded a licence to use spectrum freed up from digital TV switchover to run mobile TV, local TV or broadband services in the Cardiff region.

LONDON - Betting site Ladbrokes.com has signed a six-figure deal to sponsor horse racing television channel Racing UK.

LONDON - Interpublic Group, parent to Universal McCann and Initiative, has posted revenue growth of 6.2% for 2008, with an 8.5% operating margin, in line with company objectives.

LONDON - Carol Bartz, the recently appointed Yahoo chief executive, has unveiled a major reorganisation, combining its various technology and product groups into one division.

LONDON - Truck manufacturer Isuzu has appointed One Black Bear to its digital account without a pitch.

LONDON - Integrated agency BD has won the inaugural DMA Door Drop Award for its Lurpak butter campaign.

LONDON - Interpublic has reported a drop in revenues for the final quarter of 2008 due to the “negative effect of the broader economic situation”, but the group’s income is up year-on-year.

LONDON - Bupa is launching a TV campaign to raise awareness of the issues surrounding dementia.