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Media
BT’s first female boss has the best day since the dotcom boom
BT's first female boss, who pledged to reduce costs by £3bn and heavy investments in broadband upgrades, led the company to its best day since the dotcom bubble.
Allison Kirkby who became the new chief executive officer of the former…
Newspapers warn Apple about ad blocking plans
Apple has been warned by British newspaper groups that imposing a "web eraser", a tool used to block ads, would threaten the financial viability of journalism.
Apple will include a privacy feature based on AI in its Safari browser with…
Redbird IMI sells Telegraph after UK backlash
The United Arab Emirates-backed group that proposed a £600m acquisition of the Telegraph Group is walking away, after it claimed new legislation made the acquisition "no more feasible", which triggered a new auction of the paper group.…
After a clash with Sharstone, Paramount is expected to fire Bob Bakish as CEO.
Three people with knowledge of the situation say that Paramount is planning to fire its chief executive Bob Bakish. This will add to the uncertainty in the Hollywood group, controlled by Shari, as it continues to hold merger talks with…
Newspaper ownership rules will be diluted
After a backlash from media owners, including Rupert Murdoch, the restrictions on foreign state ownership in British news organizations that were designed to stop the UAE's bid for The Telegraph will be relaxed.
Officials were warned…
Telegraph’s financial stability is threatened by the Barclay Family
It can be revealed that The Telegraph could be in financial trouble if the Barclay Family regained control after the failed takeover supported by the United Arab Emirates.
The family's possible comeback could restrict the company's…
UK Ministers introduce new rules on media ownership to prevent the takeover of Telegraph
The UK government has explicitly ruled out direct foreign ownership of British newspapers in an amendment to a bill that would effectively block the takeover of Telegraph Media Group by RedBird IMI, backed by Abu Dhabi.
The new Whitehall…
Rishi Sunak tries to stop foreign state takeovers of the Telegraph
Rishi Sunak tried to stop the takeover by Abu Dhabi's RedBird IMI of the Telegraph, by changing the laws to prevent a foreign country buying a British media organisation.
The UK Prime Minister has proposed changes in legislation that is…
The UK government is considering changes to the law in order to prevent the takeover of Telegraph
Rishi Sunak might give ministers the power to prevent a foreign country from owning an English news organization.This comes as the pressure from the Conservative Party to block the takeover by Abu Dhabi-backed RedBird IMI of Telegraph 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…