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Canal Plus Set For London Stock Exchange Debut Following Vivendi Split
The French entertainment powerhouse Canal+, renowned for producing the beloved Paddington film franchise, is poised to make its debut on the London Stock Exchange next week following an overwhelming shareholder approval for the break-up of…
Todd Boehly Chelsea Owner Makes Late Bid for Telegraph Newspaper In £550 Million Pound Deal
Chelsea Football Club owner Todd Boehly has emerged as a potential disruptor in the £550 million sale of The Telegraph newspaper, offering financial backing that could reshape the bidding landscape for the historic British publication.…
Tech Billionaires Promise Radical Changes to Restore Trust in US News Media
Two prominent tech billionaires have unveiled ambitious plans to overhaul their prestigious newspaper holdings, sparking controversy within journalistic circles. Patrick Soon-Shiong and Jeff Bezos, owners of the Los Angeles Times and The…
AI Licensing Deals Could Save Quality Journalism Says Reuters Boss Hasker
Thomson Reuters' chief executive Steve Hasker has emphasised the critical role of AI licensing agreements in safeguarding quality journalism, whilst cautioning media organisations to remain vigilent about their intellectual property rights.…
The Scott Trust Enters Talks to Become Major Stakeholder in Tortoise Media Observer Deal
The Scott Trust, owner of The Guardian and The Observer newspapers, has entered negotiations to become a significant shareholder in Tortoise Media, amidst ongoing discussions regarding the sale of its Sunday publication. These strategic…
Daily Mirror and OK Magazine Staff Merger Signals Strategic Cost Cutting Move at Reach plc
In a significant strategic shift, Reach plc, Britain's largest commercial news publisher, has announced plans to merge staff across the Daily Mirror and OK! magazine. The restructuring initiative, revealed on Friday through an internal…
Private Equity Giants Circle One Billion Pound Sale of TV Ratings Giant Kantar Media
Several leading private equity firms have launched bids for Kantar Media, the television ratings powerhouse, in a deal potentially worth £1 billion. The sale could trigger a larger transaction involving its parent company, Kantar Group.…
The Onion Acquires Infowars Media Empire in Landmark Bankruptcy Deal
In a remarkable turn of events within the media landscape, satirical news outlet The Onion has successfully acquired Infowars through a bankruptcy auction. The deal, backed by families of Sandy Hook Elementary School shooting victims, marks…
Telegraph Media Group Faces Third Auction as New York Bidder Struggles to Secure Funding
The Telegraph newspaper group is bracing for a potential third auction as the leading New York-based bidder grapples with funding challenges. Industry sources reveal that bid teams are actively discussing renewed attempts to acquire The…
TV Advertising Declines as UK Christmas Ad Spending Hits Record High
The Christmas advertising season in the UK is reaching new heights this year, with brands set to spend a record £10.5 billion on campaigns to woo holiday shoppers. However, this surge in overall ad spending masks a significant shift in…
Google Parent Alphabet Reports Extraordinary AI Driven Profit Surge in Quarter Three
Alphabet, Google's parent company, has surpassed Wall Street's profit and revenue projections as artificial intelligence technology continues to fuel substantial growth across its core businesses. The tech giant reported a remarkable 33.6…
Amazon Prime Video to have more advertisements
Amazon will increase the number of ads on its Prime Video streaming service for its most popular television shows and films next year, as it intensifies its push to monetize its services. The company claimed that it has not seen a dramatic…
Meta Ray-Bans by Zuckerberg offer restaurant and translation tips
Mark Zuckerberg unveiled Meta, a pair of smart glasses that translate languages while on the move. He also revealed an artificial intelligence assistant with a voice that sounds like Dame Judi. The Silicon Valley billionaire presented the…
Journalists protest planned sale of Observer by Tortoise Media
Journalists from the Guardian Media Group are revolting against a planned sell-off of The Observer, citing concerns that this could affect staff financial security. The National Union of Journalists voted to condemn the "flawed analyses"…
Tortoise Media and Guardian are in discussions to sell the Observer to Guardian
Tortoise Media, a new online media company, is in negotiations with the Guardian Media Group to purchase the Observer, which is the oldest Sunday newspaper in the world. In a memo sent to its staff on Tuesday, GMG stated that it was…
Silicon Valley’s techies have built the AI that will replace them
The Chase Center in San Francisco, a 18,000-seat arena for sports and entertainment, was filled with a frisson of intrigue and fear.
Mark Zuckerberg, third richest man in the world, was seated on a stage wearing a loose shirt with a mop…
Trump Media Shares Plummet Erasing Meteoric Gains
Donald Trump's social media venture has experienced a dramatic reversal of fortune on the stock market. Shares in Trump Media & Technology Group (TMTG), the parent company of Truth Social, closed below $17 on Wednesday, effectively…
Sir Paul Marshall Nears 100 Million Pound Acquisition of The Spectator
In a significant development in the UK media landscape, Sir Paul Marshall, the renowned hedge fund founder, is on the brink of acquiring The Spectator for approximately £100 million. The deal, expected to be announced imminently, marks the…