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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…
Edgar Bronfman Jr Raises Paramount Bid to 6 Billion Dollars Amidst Intensifying Takeover Battle
The battle for control over Paramount Global has escalated with media mogul Edgar Bronfman Jr. increasing his offer to an impressive $6 billion. This development directly challenges the planned acquisition by David Ellison, son of…
Edgar Bronfman Jr Secures 55bn to Enhance Lastminute Paramount Global Bid
In a significant turn of events, billionaire media investor Edgar Bronfman Jr. has raised up to $5.5 billion to enhance his last-minute offer for Paramount Global, potentially complicating the company's existing agreement with Skydance…
Boris Johnson Holds Talks with Nadhim Zahawi Over Potential Role at The Telegraph Amid Takeover Bid
Former Prime Minister Boris Johnson has recently engaged in discussions with ex-Chancellor Nadhim Zahawi regarding a possible position at The Telegraph, as part of Zahawi's takeover bid for the newspaper. Sources close to Johnson have…
Paramount Global Slashes 15% of US Jobs Ahead of Skydance Merger
Paramount Global, the entertainment behemoth behind Paramount Pictures, CBS, Nickelodeon, and the UK's Channel 5, has announced a significant workforce reduction of approximately 2,000 employees in the United States.
The move comes as…
Former Tory Chancellor Nadhim Zawawi is’seeking backers for £600m Telegraph bid.
Former chancellor Nadhim Zawawi approached a number billionaires about funding a possible £600m bid to buy the Telegraph and Spectator magazines.
Zahawi decided to not run again for his Stratford-on-Avon constituency at the general…
TalkTalk secures £200m from founder
TalkTalk has been scrambling in order to secure a £200m loan from Sir Charles Dunstone, as it tries to avoid collapse.
Directors of TalkTalk warned in its latest annual report that there was a danger the company could collapse "in August…
Private equity firm that backs Six Nations Rugby considers bid for Telegraph
Private equity group , behind the Six Nations Rugby tournament as well as English Premiership Rugby, is considering making a bid to buy the Telegraph. The deadline for the auction for the newspaper group's first round approaches this week.…
Boeing criticised by US regulator after revealing details of panel blowout to media
Boeing was sanctioned for "blatantly violating" regulations when it revealed private information to media and speculated about the cause of the cabin-panel blowout that occurred on a brand new airplane operated by Alaska Airlines in…
YouTube talks AI music deal with record labels
YouTube is in discussions with record labels about licensing their songs to artificial intelligence tools which clone the music of popular artists. The company hopes to gain industry acceptance by offering upfront payments.
Three people…