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Wednesday, May 09, 2007

Bulgaria Travels - Free guide of Varna city accommodation

Flashbooking guides have been written for a short visit, a week-end, a city break, these free pocket guides are useful printable and downloadable tools available online.

Varna is the largest city on the Bulgarian Black Sea Coast, third-largest in Bulgaria after Sofia and Plovdiv, and 79th-largest in the European Union, with a population of 357,752.

Moreover, for anyone that owns a personal website or a travel blog, the travel guides (London, Rome, Amsterdam, Florence, Prague, Barcelona and more coming on soon!) come for free and can be used as an extra travel resource for theirs users.

A growing budget hotels and cheap hostel Varna directory specializing in budget accommodation in Bulgaria, Flashbooking is a recognized source of information and services for independent travellers who love creating their trips and book their bed nights securely online.

Commonly referred to as the marine capital of Bulgaria, Varna is a major tourist destination, seaport, and headquarters of the Bulgarian Navy and merchant marine, as well as the centre of Varna Province and Bulgaria's North-Eastern planning region, comprising the provinces of Dobrich, Shumen, Silistra, and Varna.

In particular Flashbooking provides a large selection of cheap accommodation offers in Varna where there are plenty of low cost solutions for backpackers in budget Bed and Breakfast, cheap hotels and guest house Varna.

The city has in excess of 20 km of sand beaches and abounds in thermal mineral water sources. It enjoys a mild continental climate influenced by the proximity to the sea.

Flashbooking provides backpackers, students and families with a list of budget selected and independent accommodations worldwide -mostly run by locals- in order to promote an alternative tourism respectful of cultures and different societies.

Major roads include European routes E70 and E87 and national motorways A2 and A3; there are bus lines to many Bulgarian and European cities from two bus terminals.

Flashbooking accommodation database is easily available online and comes completed with all relevant information about hostel location, description, contacts, prices, instant real availability, customer ratings, facilities and pictures.

The public transit system is extensive and reasonably priced, with dozens of local and express bus, electrical bus, and fixed-route minibus lines, and there is a large fleet of taxicabs.

As an online booker service Flashboking guarantees instantly confirmed and secure reservations thanks to a secure server, certified SSL provided by Thawte (the global certificate authority). This system encrypts all the processed data and guarantees that this will not be read, used or modified by other parties. Online bookings mean that your holiday is just a click away.

In Flashbooking website there is also a section dedicated to the world cities events where you can also get a quite exhaustive list of main festivals, exhibitions, concerts and cool things to do and see in other top European cities.

So mates, we are looking forward to finding the best accommodation for you on your next trip!

This article was written by Michele De Capitani with support from cheap hotels Varna. For any information on how travel insurance, please visit the Flashbooking website to download your free pocket travel guides for Varna City.

Tuesday, May 08, 2007

Mediaset Board Meeting - Press Release

Cologno Monzese, 8 May 2007
Mediaset Board Meeting

Consolidated Results
Net revenues: €964.9 million
Operating profit: €255.7 million
Net profit: €124.5 million
Television costs: -1.2%
Mediaset Premium: revenues double with a positive operating result
Ratings: Mediaset channels and Canale 5 confirm leadership
in the 15-64 year-old audience
Operating profitability: 47.0%
Ratings: Telecinco Spain’s leading channel

The Board of Directors of Mediaset, which met today under the Chairmanship of
Fedele Confalonieri, has extended the powers of the deputy chairman Pier Silvio
The broadening of the responsibilities of Pier Silvio Berlusconi is a response to the
need to face a number of challenges in terms of content, technology, advertising
sales and to take advantage of new opportunities in Italy and abroad..


Performance in the first three months of 2007 can be summarised as follows:
• consolidated net revenues came to €964.9 million, compared with €955.2
million in Q1 2006.
• EBIT came to €255.7 million, a €9,9 million reduction on the same period of last
year (€265.6 million).
• operating profitability, operating profit as a proportion of consolidated net
revenues, amounted to 26.5%, compared with 27.8% in Q1 2006.
• profit before taxation and that attributable to third-party shareholders,
amounted to €247.6 million, compared with €261.5 million in Q1 2006.
• net profit attributable to the Group, after estimated taxation, came to €124.5
million, compared with €145.1 million in the first quarter of the previous year.
• the Group’s net financial position went from -€568.3 million on 31 December
2006 to -€357.6 million on 31 March 2007. In the first three months of the year
net cash generation totalled €210.7 million, compared with €243.1 million in the
same period of the previous year. Excluding the non-recurring component
generated in 2006 by the disposal of the company’s stake in Hopa, net cash
generation in the first quarter of 2007 was higher than that of Q1 2006.


• In the first quarter of 2007 consolidated net revenues amounted to €714.2
million, compared with €728.1 million in the same period of the previous year.
Television advertising revenues came to €720.4 million, compared with €776.8
million in Q1 2006. This was due to a reduction in advertising investments by a
number of important groups that had already made marked cut backs in their
campaigns in the last months of 2006. March, however, saw a recovery that
improved sales for Mediaset’s channels.
• EBIT came to €137.7 million, compared with €164.0 million in Q1 2006. This
result was affected by the previously mentioned trends in the advertising market.
• total television costs saw a significant fall (-1.2% on the first three months of
the previous year) against a 2007 budget that foresees costs in line with those of
• pre-tax profit came to €125.0 million, compared with €157.2 million in Q1 2006.
• net profit amounted to €81.2 million, compared with €108.2 million in Q1 2006.
• there were excellent results for the pay-per-view business, “Mediaset Premium”
as it entered its second year. First quarter 2007 revenues were double those of
the same period of 2006, up from €22.8 million to €45.3 million with an already
positive operating result.
• TV ratings during the period were also positive: in the first three months of 2007
Mediaset’s channels confirmed their national leadership in all the time bands
among viewers in the 15 to 64 year-old age range (the commercial target) that
account for 70% of the Italian population and on which 80% of TV advertising
investments are aimed: overall, Mediaset channels had a 43.7% share in prime
time and 43.2% in the 24 hours.

Canale 5 is Italy’s most popular channel in the commercial target with
consolidated net revenues 24.0% and 23.6% in the 24 hours.
• In the first three months of 2007 consolidated net revenues generated by the
Telecinco Group came to €251.1 million, compared with €227.8 in the same
period of the previous year.
• Telecinco’s operating profit rose to €118,0 million, on the €101.6 million of Q1
• operating profitability (operating profit as a proportion of consolidated net
revenues) reached an international record at 47.0% (44.6% in Q1 del 2006).
• pre-tax profit came to €122.6 million, compared with €104.4 million in the first
quarter of 2006.
• net profit amounted to €86.1 million, compared with €73.3 million in Q1 2006.
• Telecinco’s ratings were also up, consolidating its position as Spain’s absolute
leader with a prime time share of 20.4% and 20.3% in the 24 hours.


For the current year, given an objective for a marked containment in TV costs in Italy
and increased revenues over the whole year from DVBH-related activities (which, in
2006 contributed only from the second half of the year), the company continues to
expect to generate a level of consolidated operating profit that is higher than that of
2006. The scale of the increase will depend on the trend in TV advertising revenues
in Italy and Spain.


Also after the first four months of 2007, the leadership in the commercial target (15-
16 year-olds) of Mediaset’s channels has been confirmed across all time bands.
Canale 5 consolidated its absolute leadership, while Italia 1 confirmed its position as
Italy’s third most popular channel.

In the first two months of the year advertising sales for Mediaset’s channels was
affected by continuing weakness in the advertising market. On the basis of Nielsen
figures, advertising investments in Italy in the first two months of 2007 saw a sharp
overall fall (-5.3%), with television particularly hit (-5,9 %). However, from March,
there were some clear signs of a recovery that was consolidated in April, a month in
which advertising sales for Mediaset’s channels saw growth of 4% compared with the
same period of the previous year. Given this result, advertising revenues for
Mediaset’s channels, which at the end of the first quarter showed a fall of –7.3%, at
the end of the first four months showed a fall of 4.6%, compared with the same
period of the previous year.

Meanwhile Mediaset Premium continued to perform exceptionally well: since the
beginning of the year more than 300,000 new re-chargeable cards and around 2.2
million re-charges have been sold.

In April, Telecinco further reinforced its ratings leadership, both in the total audience,
with a daily average of 21.1%, and in the commercial target, extending, in all of the
main time bands, its advantage over its historic competitors Antena 3 and TVE1.

Department of Communications and Media Relations
Tel. +39 0225149251
Fax +39 0225149286
e-mail: ufficiostampa@mediaset.it

Investor Relations Department
Tel. +39 0225147008
Fax +39 0225148535
e-mail: ir@mediaset.it

The Board then went on to approve the company’s report on the first quarter of 2007.