MPs warn of ‘huge financial losses’ as scam ads left out of online safety laws July 23, 2021 A string of cross-party MPs have blasted the government’s failure to include paid-for adverts in its upcoming online safety laws, warning of “huge financial losses” to the public. In a joint letter to the prime minister, the Treasury Committee and the Work and Pensions Committee said fraudulent online ads were doing immense harm and urged [...]
Snap shares jump as it smashes user and revenue targets July 23, 2021 Shares in Snap have soared in after-hours trading after the social media group smashed forecasts for its user numbers and revenue in the second quarter. The California-based owner of Snapchat saw its shares jump more than 17 per cent after markets closed as it booked its highest growth rates since late 2017. Daily active users [...]
Screenshot: Have Bezos and Branson ushered in a new era of space tourism? July 23, 2021 This week **Media Moment of the Week: Badger, mushroom, snake **Have Bezos and Branson ushered in a space tourism boom? **No more chill for Netflix Media Moment of the Week: Badger, mushroom, snake Want to feel old? The iconic animated badger video (you know the one) is now almost 18 years old. Aside from lamenting [...]
Twitter beats revenue expectations after advertising revamp July 23, 2021 Twitter has reported better-than-expected revenue growth in its second quarter as the social media site reaped the rewards of an overhaul of its advertising service. The tech firm posted total revenue of $1.19bn in the three months to the end of June, up 74 per cent on the same period last year and ahead of [...]
Not too Priti: Home Office crackdown could see journalists muzzled July 22, 2021 Journalists and whistleblowers could face lengthy prison sentences for exposing information in the public interest under new proposals put forward by the government, industry leaders have warned. Under Priti Patel the Home Office has opened a consultation on planned changes to the Official Secrets Act that could see reporters treated like spies or those who [...]
Jewish Chronicle newspaper to compensate expelled Labour activist after false accusations July 22, 2021 A London-based Jewish newspaper has agreed to pay “substantial compensation” to an activist it falsely accused of being involved in a group planning to target Jewish people in the Labour Party. The Jewish Chronicle apologised to Marc Wadsworth on Thursday after it published an article in the newspaper and on its website in March wrongly [...]
Daily Mail owner posts revenue rise amid Rothermere takeover bid July 22, 2021 The owner of the Daily Mail has reported a sharp rise in revenue in its latest quarter as it gears up for a potential take-private bid by Lord Rothermere. Daily Mail and General Trust (DMGT) said its group revenue grew by a quarter in the three months to the end of June. This was driven [...]
Far from over: Disgraced Hollywood giant Harvey Weinstein faces more rape charges July 21, 2021 Former Hollywood producer Harvey Weinstein was extradited from New York to Los Angeles on Tuesday to face trial on rape and sexual assault charges. Watch the full report.
Covid lockdowns cost UK creative industries £12bn July 21, 2021 Repeated coronavirus lockdowns have cost the UK’s creative industries an estimated £12bn and more than 110,000 jobs, new figures have revealed. Data released today by Oxford Economics showed businesses in the creative sector generated around £104bn in gross value added value in 2020, down from £116bn the previous year. This was also well below the [...]
Media freedom: Hong Kong police arrest ex-editor of squashed Apple Daily July 21, 2021 Hong Kong police have detained two former senior staff of stifled pro-democracy newspaper Apple Daily, just hours after they arrested the paper’s former executive editor-in-chief. Apple Daily’s former deputy chief editor Chan Pui-Man and managing editor Fung Wai-Kong were arrested for a second time, according to local media reports. The pair had already been arrested [...]