Research revenue down at Progressive Digital Media

The group, which owns MR agencies ID Factor and ICD Research, saw research revenues fall to £2.6m from £2.7m in 2008.

Overall, group sales rose to £28.8m from £22.5m. CEO Simon Pyper said: “The enlarged group’s continued investment in digital content, digital delivery platforms and operational infrastructure should allow the business to deliver long-term profitable growth and ensure that we are all well placed to exploit market opportunities and developments.”

TMN was taken over by Datamonitor founder Mike Danson’s (pictured) Progressive Digital Media Group earlier this year in a reverse acquisition.