Reddit website goes down as Gamestop shares jump February 24, 2021 Reddit, the self-titled “front page of the internet”, crashed last night as shares in amateur trader favourite Gamestop climbed once again. The site, which is accessed by millions of people daily, went down at around 9pm on Wednesday. Shortly afterwards Reddit tweeted that it had identified the issue and its systems had recovered. It came [...]
Sunday Sitdown: Time Out boss Julio Bruno on the ‘renaissance’ of cities February 21, 2021 While no one could have predicted the outbreak of coronavirus, few companies have been blighted by worse timing than Time Out. In the face of shrinking revenue from its core events listings business, the media group has spent recent years shifting its focus to a new offering of food and culture markets. But when the [...]
Time Out boss: Tech giants have destroyed internet freedom February 19, 2021 The unbridled power of tech giants such as Google and Facebook has destroyed the concept of freedom on the internet, the chief executive of Time Out has said. In an interview with City A.M., Julio Bruno said that while tech companies had given us “a lot of good things”, they now exerted too much control [...]
Review into Hong Kong’s only independent broadcaster sparks media freedom concerns February 19, 2021 A Hong Kong government review launched today into the city’s only independent broadcaster has sparked concerns over media freedoms in the region. The publicly funded outlet Radio Television Hong Kong (RTHK) was found to have editorial management “deficiencies” and inadequate transparency of complaints following an unprecedented government-led review. Founded in 1928, the broadcaster is the [...]
Screenshot: Will Facebook regret going nuclear over Australian news? February 19, 2021 This week **Media Moment of the Week: A jumbo jab mix-up **Will Facebook regret going nuclear in Australia? **Arm’s getting chippy Media Moment of the Week: A jumbo jab mix-up When Liam Thorp received a text inviting him for his first Covid jab he was confused, given the healthy 32-year-old is pretty low down the [...]
Publisher Future lifts profit forecasts as it completes Go Compare deal February 19, 2021 Magazine publisher Future today said it expects full-year profit to come in ahead of previous forecasts as it completed its £600m takeover of price comparison site Go Compare. The media group, which owns titles such as Country Life, Four Four Two and Tech Radar, reported strong trading in the four months to the end January [...]
British music exports to hit £1bn by 2030 amid song rights boom February 18, 2021 The value of British music exports could double to £1bn by 2030 if the UK cashes in on the surging value of music rights and growth in new markets after Brexit, according to a new report. The rise of streaming services such as Spotify has fuelled a boom in music assets, with global revenues from [...]
UK nightlife ‘faces extinction’ without government support February 18, 2021 The UK’s nightlife scene is at risk of extinction without urgent financial support, the government has been warned. A group of 40 cross-party MPs today urged the prime minister and chancellor Rishi Sunak to bring forward a sector-specific grant package and lay out a detailed roadmap for reopening venues to avoid “irreversible losses” for businesses. [...]
Rupert Murdoch’s News Corp strikes news partnership deal with Google February 17, 2021 Rupert Murdoch’s News Corp has inked a three-year deal with Google that will see the US tech giant pay to use the publisher’s news content. New Corp, which owns titles such as the Times, the Sun and the Wall Street Journal, said it will provide “trusted journalism from its news sites around the world in [...]
Champions League highlights to be screened on London advertising billboards February 17, 2021 Londoners will be able to enjoy highlights from UEFA Champions League matches on digital advertising billboards thanks to a new tie-up between Ocean Outdoor and BT Sport. The deal will see Ocean, which operates major advertising sites including Piccadilly Lights, screen next-day match clips from the last 16 fixtures of the tournament through to the [...]