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Media
Tortoise Media Reports 3 Million Pound Loss Prior to Observer Acquisition
Digital media startup Tortoise Media disclosed a substantial £2.9 million loss in 2023, casting shadows over its recent acquisition of The Observer newspaper. The financial results, revealed in the company's latest accounts, have…
Streaming Advertising Market Surpasses 1 Billion Pounds as Netflix Leads Revolution
The UK streaming advertising market has achieved a significant milestone, surpassing £1 billion merely two years after Netflix's strategic introduction of commercials. This transformative shift has intensified competition for traditional…
Netflix Virtual Fireplace Proves Most Popular Boxing Day Entertainment Choice in Britain
In an unexpected turn of events demonstrating shifting consumer entertainment preferences, Netflix's hour-long 'Crackling Birchwood Fireplace' programme has outperformed high-budget productions to secure the top viewing position on Boxing…
News Corp Sells Australian Media Giant Foxtel to DAZN in 17 Billion Pound Deal
News Corporation has reached an agreement to sell its Australian media powerhouse Foxtel to British-owned sports network DAZN in a landmark deal valued at £1.7 billion. The transaction will see News Corp maintain influence through a board…
ABBA Stars Rake in 14 Million Pound Dividend as Mamma Mia Musical Profits Soar
The Swedish pop sensation ABBA's business venture has witnessed remarkable financial success, with founding members Benny Andersson and Björn Ulvaeus sharing a substantial £1.4 million dividend following exceptional profits from their…
The Guardian Takes Strategic Stake in Tortoise Media Through Observer Sale Deal
In a significant media industry shake-up, Guardian Media Group has completed the sale of The Observer to Tortoise Media, securing a 9 per cent equity stake in the acquiring company. The transaction, orchestrated through the Scott Trust,…
Canal Plus Shares Experience Rocky Start on London Stock Exchange Debut
The French media giant Canal+ made its highly anticipated debut on the London Stock Exchange today, marking the largest listing since Haleon's spin-off from GSK two years prior. The shares opened at 290p but experienced significant…
London Media Baron Explores Sale of Loss Making TV Station as Operating Costs Soar
Lord Evgeny Lebedev is seeking potential buyers for his struggling London television station after a decade of significant financial losses. The broadcaster, London Live, which made history as the capital's pioneering dedicated TV channel…
Warner Bros Discovery Announces Major Restructure as Television and Streaming Units Set to Split
In a significant strategic move, Warner Bros Discovery has revealed plans to divide its operations into two distinct units, separating its television networks from its streaming and studios businesses. This restructuring has sparked market…
US Media Giants Challenge UK Government Over AI Content Rules
Major American media conglomerates have issued a stark warning to the UK government regarding potential changes to copyright regulations that would permit artificial intelligence companies to freely utilise their content.
The Copyright…
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…