Daily Mail owner buys i newspaper for £50m November 29, 2019 The owner of the Daily Mail has snapped up the i newspaper for £49.6m, bringing to an end part of a drawn-out sales process by publishing group JPI Media. The Daily Mail and General Trust (DMGT), which also owns Metro, announced the acquisition in a short statement released today. Read more: Publishing group Reach pulls [...]
Reach share price jumps as it pulls out of race to buy JPI Media titles November 29, 2019 Shares in publishing group Reach jumped as much as 12 per cent this morning after it said it has pulled out of the race to acquire titles from i newspaper owner JPI Media. Reach, which publishes the Daily Mirror, announced in July that it was in talks over a potential takeover of some of JPI’s [...]
Channel 4 replaces Boris Johnson with ice sculpture in climate debate November 29, 2019 The Conservatives have become engulfed in a standoff with Channel 4 after the broadcaster “empty chaired” Prime Minister Boris Johnson during its climate debate last night. The Tory party has written to Ofcom to complain that Channel 4’s decision to replace Johnson with an ice sculpture was a “provocative partisan stunt”. Read more: Boris Johnson [...]
Netflix under fire after accounts ‘reactivated’ without permission November 28, 2019 Streaming giant Netflix has come under fire after users who cancelled their subscriptions months ago said their accounts had been reactivated without consent. The unwitting customers fell victim to criminals who hacked into their dormant accounts and were able to reactivate them without knowing the user’s bank details, a BBC investigation revealed. Read more: Netflix [...]
Belgian media group Mediahuis ‘interested’ in Telegraph titles November 28, 2019 Belgian media group Mediahuis is said to be interested in a potential purchase of the Telegraph newspapers, which have been put up for sale by the billionaire Barclay brothers. Chief executive Gert Ysebart said that while no formal discussions have taken place, his company is looking for acquisitions. Read more: Ex-Donald Trump strategist Steve Bannon [...]
Shares in publisher Future drop as chief executive takes £15m bonus November 27, 2019 Shares in publishing firm Future dropped as much as 10 per cent today after boss Zillah Byng-Thorne cashed in a bumper £14.6m bonus. In a regulatory filing Future said that Byng-Thorne had sold roughly 1.04m shares priced at £14 each. Chief financial officer Penny Ladkin-Brand pocketed £7.7m after offloading 550,000 shares. Read more: Boss of [...]
UK households to splash out an extra £600m on streaming November 27, 2019 British households are willing to pay an additional £600m each year to stream their favourite films and TV shows following the arrival of a spate of new services, new research has revealed. While Netflix, Amazon Prime and Now TV have so far held dominant positions in the UK, they will soon be competing with the [...]
Top Sky exec calls for regulatory overhaul as he takes swipe at ‘anachronistic’ ITV November 26, 2019 A senior Sky executive has called for a radical overhaul of broadcast regulation to adapt to the streaming age as he took a swipe at ITV’s “anachronistic” business model. David Wheeldon, Sky’s group director of policy and public affairs, said regulator Ofcom’s approach was “not particularly radical” and would not help public service broadcasters fulfil [...]
King of the Jungle: I’m a Celebrity takes ratings top spot in boost for ITV November 25, 2019 The first episode of the new series of I’m A Celebrity Get Me Out Of Here has nabbed the top spot for the most watched programme of the year in a major boost for ITV. Read more: Rugby World Cup audiences help push ITV ad revenue higher Consolidated viewing figures, which include catch-up and online [...]
Boss of publisher Future set for £18m payday after shares surge November 25, 2019 The boss of the publisher behind Tech Radar and Four Four Two is set to pocket an £18m bonus after overseeing a twentyfold increase in the firm’s share price in the last five years. Zillah Byng-Thorne, chief executive of Future, is in line to receive roughly 1.25m shares through a long-term incentive plan after guiding [...]
