Axel Springer profits plunge as it looks to refocus on classifieds business May 7, 2019 German media group Axel Springer has posted a sharp drop in first-quarter profits, as strong trading in its online classifieds business failed to offset a decline in news media. Read more: Virgin Media grows customer base amid superfast broadband rollout The figures Net profit dropped by 35 per cent to €55.4m (£47.4m) in the first [...]
The i newspaper could be sold as publisher JPIMedia considers auctioning assets May 4, 2019 The owners of JPIMedia, formerly Johnston Press, are considering auctioning off parts or all of the business, which owns titles including the i newspaper and The Scotsman, after purchasing the publisher just last year. The consortium of hedge funds that own the company are considering a strategic review that could see a number of its [...]
Evening Standard set to cut jobs as it merges print and online business May 3, 2019 The Evening Standard is to announce a string of job cuts as it looks to merge its print and online businesses. Read more: Mirror publisher Reach revenues slip amid pressure on print In an email to staff, editor George Osborne said the paper is making the cuts in a bid to counteract rising costs. “We [...]
Russian state broadcaster RT is a ‘weapon of disinformation’, says Jeremy Hunt May 2, 2019 Foreign secretary Jeremy Hunt has slammed Russian state broadcaster RT, describing it as the country’s “weapon of disinformation”. Addressing an audience in Ethiopia, Hunt launched a searing attack on the channel, formerly known as Russia Today, over its coverage of the Salisbury novichok poisonings last year. Read more: Mirror publisher Reach revenues slip amid pressure on [...]
Reach 4 Entertainment acquisitions boost share price despite dip in full-year revenues May 2, 2019 Shares in theatre marketing firm Reach 4 Entertainment (R4E) ticked up this morning, as investors overlooked a slip in the firm’s revenues for the full year. Read more: Gary Neville nets sale of stake in production company The figures R4E posted full-year revenues of £77.7m, down from £80.2m last year. Adjusted earnings before interest, tax, [...]
Mirror publisher Reach posts revenues slip ahead of shareholder showdown May 2, 2019 Mirror publisher Reach has posted a dip in revenue amid reduced demand for its print products, as it gears up for a showdown with investors over executive pay. Like-for-like revenue fell by 6.4 per cent in the first four months of the year, driven by a 7.9 per cent drop in print revenues. Read more: [...]
Guardian turns profit for first time in 20 years as turnaround plan pays off May 1, 2019 The Guardian has posted a small profit for the full-year, marking the first time the media group has been in the black since 1998. Read more: Mirror publisher Reach expects to benefit from Facebook's fake news fight The figures Guardian News and Media (GNM) posted a profit of £0.8m in the year to April, up [...]
Use of #ad more than doubles in a year amid influencer marketing crackdown April 30, 2019 The number of social media influencers using the hashtag ‘ad’ has more than doubled in the last year amid a crackdown on hidden product endorsements. A report by marketing firm Socialbakers revealed the use of #ad increased 133 per cent in the 12 months to the end of the first quarter this year. Read more: [...]
Spotify reaches 100m premium subscribers as it marks milestone in first quarter April 29, 2019 Spotify hit 100m premium subscribers in the first quarter of this year, as the music streaming platform expanded into India and saw a positive uptake of new services. The number of premium subscribers paying for the streaming service jumped 32 per cent to 100m driven by the expansion of its Google Home Mini promotion, which [...]
Avengers, Assemble – Marvel’s superhero franchise can teach your business how to tackle digital disruption April 29, 2019 It’s fair to assume that for Marvel fans sitting down to watch the recently released Avengers: Endgame, their first thought won’t be what it teaches us about digital disruption – they’ll be wondering how the dream team will defeat the Mad Titan Thanos, and who will still be standing when the credits roll. However, with [...]
