Marilyn Monroe’s Golden Globe sells for record-breaking $250,000 at Hollywood auction November 18, 2018 Marilyn Monroe's 1961 Golden Globe award has sold for a record-breaking $250,000 (£195,000) at an auction in California. The actress' award for world film favourite female became the highest selling Golden Globe award in history when it fetched a quarter of a million dollars at Julien's Auction in Beverly Hills on Saturday. Monroe's 1956 Ford [...]
Shareholder slams Johnston Press rescue plan as pensions put at risk November 18, 2018 A deal to buy publishing company Johnston Press out of administration puts jobs and pensions at risk, according to the publisher’s largest shareholder. Custos Group chief executive Christen Ager-Hanssen criticised a pre-packaged sale that sees ownership transferred to JPI Media, a newly-formed company owned by the bondholders of Johnston Press, including American hedge fund Goldentree [...]
Men’s magazine Shortlist axed by publisher amid declining revenues November 17, 2018 Shortlist has become the latest magazine to be axed after its publisher confirmed that they would no longer be publishing the free print edition due to declining revenues. The men's magazine claimed to be the biggest of its kind in the UK with a circulation of around 500,000, distributed in London, Birmingham, Manchester, Leeds, Liverpool, Newcastle [...]
Newspaper giant Johnston Press sold out of administration November 17, 2018 Johnston Press, the owner of publications such as the I newspaper, The Scotsman and the Yorkshire Post, has been sold out of pre-pack administration after appointing administrators earlier today. The publishing house put itself up for sale last month as it sought to refinance £220m of debt that was due to be paid back next [...]
Court documents suggest Wikileaks founder Julian Assange has been charged in secret November 16, 2018 Julian Assange, the founder of website Wikileaks, may have been criminally charged in secret, according to an apparent mistake in court documents filed in the US. Suggested by Wikileaks to be a "cut and paste" error, Assange's surname appeared in a filing submitted by US authorities in an unrelated case. A section of the filing mentioned the need [...]
Cineworld shares slide as UK revenue growth lags behind the US November 15, 2018 Shares in cinema chain Cineworld dropped almost six per cent today after it said its UK and Ireland revenue lagged behind the US in the year to 11 November. The cinema chain’s overall revenue growth was 11.6 per cent, an increase of 5.9 per cent on the year before. But revenue growth in the UK [...]
Chinese tech giant Tencent beats expectations on quarterly profit, but gets hurt by slowed revenue growth November 14, 2018 Tencent has trounced consensus estimates on profits in its third quarter, as gains from its investments helped to offset weaker results in its core gaming business hit by legal woes. Its share price was down 0.8 per cent as markets closed in Hong Kong this morning. The figures Net profit in the three months to September [...]
M&G buys Financial Times headquarters from Pearson for £115m November 14, 2018 Publishing giant Pearson today agreed to sell the Financial Times's headquarters to investment firm M&G for £115m. The building at One Southwark Bridge, on the bank of the Thames, has been home to the Financial Times since 1987. The deal is expected to close by the end of 2018. Now the newspaper will move back to its [...]
Business booms at S4 Capital as it tees up its second takeover November 14, 2018 Sir Martin Sorrell’s new outfit, S4 Capital, posted strong sales growth in the third quarter, the company said today. The firm, which was set up after Sorrell left advertising giant WPP, delivered revenues of over €29m (£26.2m) in the quarter, a rise of almost 45 per cent. Gross profit, meanwhile, shot up 32 per cent [...]
Snap’s head of content jumps ship despite recent launch of Netflix-style original video November 13, 2018 London entrepreneur Nick Bell has become the latest executive to leave Snap, as the vice president of content resigned only a month after launching the app's Netflix-style original service. Bell informed employees of his departure yesterday, leaving behind just one member of Snap's leadership team from when the company went public last year, outside of its two co-founders. [...]
