ITV profit halves during pandemic amid ‘most challenging period in history’ August 6, 2020 ITV has reported a 50 per cent slump in earnings for the six months to 30 June, as the public service broadcaster warned of the “significant impact” of the pandemic, which it said presented “one of the most challenging times in the history of ITV”. The results Adjusted earnings before tax, amortization and depreciation (Ebitda) [...]
Twitter bans Donald Trump’s presidential campaign over coronavirus fake news August 6, 2020 Twitter last night banned Donald Trump’s presidential campaign from tweeting until it agreed to remove a video spouting fake news about coronavirus. In the most sweeping action taken by the social media platform in its 14-year history, Twitter last night temporarily froze the President’s Team Trump campaign account after it was found to breach company [...]
The New York Times’ digital sales overtake print for first time August 5, 2020 The New York Times beat Wall Street expectations in its second-quarter results today, as its digital efforts overtook its print business for the first time. The firm’s digital products, which includes online news, podcasts, recipes and crosswords, gained 669,000 subscribers in the quarter. More than half of the New York Times’ revenue comes from subscriptions, as [...]
BBC hires 800 agents to quell pensioner revolt over licence fee August 5, 2020 The BBC has hired 800 agents to curb a growing revolt over the end of the over-75s licence fee, as it today prepares to send out millions of letters to affected households. The public service broadcaster last week scrapped the free TV licence for pensioners, arguing that the freebie was costing the BBC £745m a [...]
Coronavirus: Screen time soars as adults spend half their day on devices August 5, 2020 A surge in screen time during lockdown saw adults in the UK glued to their devices for more than 40 per cent of the waking day, according to new research. In its annual study of the nation’s media habits, industry watchdog Ofcom found that adults in the UK spent an average of six hours and [...]
Disney’s earnings take a hit as pandemic wreaks havoc on theme parks business August 4, 2020 Disney reported a profitable third quarter but missed analysts’ expectations as it battled the effect of coronavirus on its theme parks business. Revenue for the quarter was $11.78bn, substantially less than the $20.35bn in the comparable period, and missing the expected $12.39bn. Net loss from continuing operations was $4.72bn, or $2.61 per share, in the [...]
Whatsapp launches fact check feature in bid to curb fake news August 4, 2020 Whatsapp has introduced a fact checking feature allowing users to cross-examine the content of viral messages, as the Facebook-owned messaging app attempts to weed out misinformation across the platform. The new feature, which is being rolled out in six countries including the UK from today, will allow users to perform a Google search on forwarded [...]
Rupert Murdoch’s son quits News Corp over ‘editorial disagreements’ August 2, 2020 Media mogul Rupert Murdoch’s youngest son has quit the board of News Corporation citing “disagreements over editorial content”. James Murdoch, once considered a potential successor to his father’s media empire, announced his resignation in a bombshell letter, disclosed by News Corp in a regulatory filing over the weekend. “My resignation is due to disagreements over [...]
Google parent Alphabet sees revenue fall for first time ever July 30, 2020 Google parent Alphabet saw revenue fall for the first time in its history today, although it beat analyst expectations for its second quarter earnings. Revenue fell to $38.3bn from $38.9bn in the second quarter, compared to Refinitiv estimates of $37.4bn. It also beat expectations for earnings per share, which came in at $10.13, instead of [...]
Facebook smashes revenue expectations as more people login in lockdown July 30, 2020 Social media behemoth Facebook has smashed analyst expectations in the second quarter, beating predictions for advertising revenue, earnings per share and user numbers. Shares in the social network shot up 7.8 per cent in after hours trading. In total, revenue rose from $16.9bn last year to $18.7bn in the past three months, ahead of analyst [...]