Pearson taps former British diplomat for new consumer push December 2, 2020 Pearson today said it has hired a former British diplomat as its chief strategy officer as the education group pushes ahead with a new strategy of targeting consumers directly. The FTSE 100 firm said Mike Howells will be tasked with strengthening its relationships with learning institutions. The appointment is the latest move by new boss [...]
Mast giant Arqiva pulls out of Freeview venture amid streaming row December 1, 2020 British mast giant Arqiva is pulling its investment in digital TV platform Freeview in the wake of a row over how to stave off pressure from streaming rivals. The telecoms group said it will step down as a shareholder in Digital UK, the company that controls its joint venture with the BBC, ITV and Channel [...]
Facebook to pay UK news publishers for use of articles December 1, 2020 Facebook will pay UK news publishers to use some of their articles as the tech giant looks to fend off the looming threat of regulation. From January the site will launch a dedicated news section with a selection of articles from top publishing groups. The companies behind the Guardian, the Independent and the Evening Standard [...]
London set for major new music venue after £1.3bn Olympia revamp December 1, 2020 London’s music scene will be given a much-needed boost with the launch of a major new music venue as part of a £1.3bn overhaul of the Olympia exhibition centre. The iconic west London site, which first opened its doors in 1886, has played host to some of the biggest names in pop and rock, including [...]
Economists lambast BBC over ‘misleading’ UK debt coverage November 30, 2020 A group of the country’s leading economists have written to the director-general of the BBC to complain about the broadcaster’s “misleading” financial coverage. Two-dozen finance wonks told Tim Davie that the BBC’s reporting on UK borrowing “misrepresented” the constraints facing the government and the economy due to the Covid-19 crisis. The complaint related to the [...]
Stocking filler: London Stock Exchange backs virtual charity carol concert November 27, 2020 London Stock Exchange has teamed up with music royalties firm Hipgnosis to support a star-studded virtual carol concert that will raise funds for charity. Chic legend Nile Rodgers, who acts as an adviser to Hipgnosis, will host the festive gig on Tuesday 15 December. The programme will feature appearances from a string of music icons, [...]
Screenshot: Is price comparison the Future of publishing? November 27, 2020 A weekly column from City A.M. bringing you all the biggest stories and trends in technology, media and telecoms This week **Media Moment of the Week: A baking bonanza **Future’s flirtation with Go Compare: Insane or inspired? **Baby boomer radio beats Media Moment of the Week For many of us, The Great British Bake Off [...]
Mirror publisher reports 14 per cent slump in revenue as print sales plummet November 27, 2020 Daily Mirror publisher Reach has reported a 14 per cent in revenue for the five months to November, after lockdowns across the UK hammered print sales. Reach, which owns 240 regional news titles, booked a 19.6 per cent decline in print revenue for the period. The group is now consulting on proposals to permanently close [...]
Disney increases layoffs to 32,000 as pandemic hits theme parks November 26, 2020 Disney has increased the number of workers it plans to lay off to roughly 32,000 as the coronavirus pandemic continues to batter its theme park business. The US media giant plans to make the job cuts — which equate to roughly 15 per cent of its total workforce — in the first half of 2021, [...]
Chernobyl effect drives British TV exports to record high November 26, 2020 The value of UK TV exports hit a record high last year as blockbuster dramas such as Chernobyl sparked a boom in international demand. Hit TV shows generated £1.48bn in the year to March, a six per cent increase year on year, according to figures from industry body Pact. Scripted drama was the key driver [...]