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Media
ITV profits are hit by falling advertising revenues
ITV's boss believes the advertising market has recovered from last year, which she called the worst recession since the global financial crisis.
The profits of Britain's largest free-to-air broadcaster dropped by over half, to £193…
BBC to reverse merger of News Channels
The BBC has retracted its controversial merger of their world and domestic news channels, as the broadcaster’s new chairman warned that the corporation will face a struggle to remain relevant.
In April 2010, the BBC News and BBC World…
Virgin Media O2 chief says the merger of Three and Vodafone for £15 billion will hurt competition
Lutz Schuler warns that tie-ups can leave rivals with patchier links
The merger of Vodafone and Three, worth £15bn, could leave rivals with patchier internet connections unless the market power of their competitors is curbed. This was…
TikTok and Universal Music face legal battle over copyright
According to a prominent music lawyer, the threat of a major copyright lawsuit looms over TikTok, because songs by Universal Music artists such as Taylor Swift and BTS are being used despite the label removing its catalogue from the…
Channel 4 confirms that it will be selling its London headquarters as it announces job cuts
Channel 4 will sell its London headquarters due to the expected deep cuts in staff, especially those based in London. This has led to the search for smaller and more affordable premises.
The broadcaster will move to a smaller office in…
BT and Elon Musk’s Starlink are in discussions for a broadband deal
BT and Elon Musk’s Starlink are in discussions over a satellite-based broadband service. This could help combat the problem of rural black spots.
The Telecoms giant is currently testing Starlink technology in its Adastral Park Research…
Disney receives support from hedge funders in its fight against Nelson Peltz
Disney has gained the support of activist hedge funds despite attempts to prevent billionaire investor Nelson Peltz from joining its Board of Directors .
ValueAct Capital is a San Francisco based hedge fund that will be supporting the US…
Since Musk’s purchase and renaming of Twitter, the value of X has dropped 71%.
According to Fidelity Mutual Fund, the social media platform X lost 71% of its worth since it was purchased by Elon Musk.
Fidelity has marked down its share value by 71.5%, according to a disclosure obtained from Axios.
Musk purchased…
Axel Springer signs deal with OpenAI for ChatGPT to read its stories
Germany's largest news publisher, Axel Springer, has made a groundbreaking agreement with OpenAI, granting them permission to utilize their articles for the purpose of training ChatGPT.
OpenAI will pay the publisher to use content from…
Vivendi floated a plan to split up
The French media conglomerate Vivendi has proposed splitting into three separate businesses, which would be listed separately. This would be a major revamp led by Vincent Bollore.
The Paris-based firm said that it had begun working with…
Netflix releases viewing statistics for its entire catalog for the first-ever time
Netflix, which has long been criticised for its lack of transparency regarding how films and shows perform on their platform, will start publishing an "in-depth" analysis of what its subscribers watch twice a year.
Netflix released its…
BBC to face further cuts following Ministers’ curtailment of licence fee increases
UK ministers are to cut about £90mn from the BBC’s annual budget after announcing a smaller than expected increase in the corporation’s licence fee next year given the cost of living crisis.
The government’s move came on Thursday…
Sunak is preparing to block a licence fee increase, which could lead to further cuts at BBC
Broadcasters on the verge of a drastic decline, as annual shortfalls could rise above £500m.Tim Davie, BBC boss for three years now, is used to the ups and downs of a pre-crisis organization.
The threat of further funding cuts will be a…
Barclay family takes back Telegraph title after UK probe
The Barclay Family has legal ownership of the Telegraph until the end of this year. The potential buyer supported by Abu Dhabi is waiting for the UK Government investigation results on the takeover of the paper.
After six months, the media…
RedBird IMI, Jeff Zucker’s company, offers to buy Telegraph for debt in exchange for equity.
RedBird IMI, backed by Abu Dhabi, has offered to buy the Telegraph and Spectator as part of a deal that will repay the debt owed to Lloyds Banking Group by the Barclay Family.
RedBird IMI - the investment group headed by Jeff Zucker,…
Elon Musk suffers a new blow as the government withdraws millions of dollars in Twitter advertising
The government has stopped advertising on Twitter, a new blow to Elon Musk as the social network faces an exodus from major brands.
In recent months, departments have stopped buying ads on Twitter (now known as X), a social media…
Elon Musk suffers a new blow as the government withdraws millions of dollars in Twitter advertising
The government has stopped advertising on Twitter, a new blow to Elon Musk’s social network.
In recent months, departments have stopped buying ads on Twitter (now known as X), a social media platform.
The decision was made before the…
MPs urge Barclay Family’s Telegraph deal to be vetted using UK national security laws
Conservative MPs called on the UK government to use its national security laws to investigate attempts by the Barclay Family to regain control of the Telegraph Newspaper Group using Abu Dhabi-funded funding.
Five Tory MPs including…