Hipgnosis plots £250m share placing to fund song buying spree September 21, 2020 Hipgnosis today announced plans to raise £250m through a share placing as the music royalties investment firm ploughs on with its aggressive expansion strategy. The London-listed company said it aims to raise the funds through the placing of up to 216m new ordinary shares at 116p per share. It will also offer up to 3.6m [...]
Telegraph boosts profit as subscriber numbers hit fresh high September 17, 2020 The Telegraph has reported a sharp rise in profit for the year after its ongoing shift to a subscription model helped drive subscriber numbers to a record high. Telegraph Media Group (TMG), which publishes the Daily Telegraph, Sunday Telegraph and Telegraph website, pulled in operating profit before exceptional items of £14.3m last year. This was [...]
Barack Obama’s memoirs to be published after US election in November September 17, 2020 The eagerly-awaited memoirs of former president Barack Obama will be published in the wake of the US election in November. A Promised Land — the first of two volumes — will be released globally on 17 November, the book’s publisher confirmed today. “There’s no feeling like finishing a book, and I’m proud of this one,” [...]
Amazon Music launches podcasts as it puts Spotify in its sights September 16, 2020 Amazon Music today said it will add podcasts to its streaming service at no additional cost, as the ecommerce giant looks to muscle in on the booming on-demand audio market. Amazon said it will launch podcasting in the US, UK, Germany and Japan on all tiers of its subscription service. The offering will include existing [...]
London First taps former Today programme editor to join board September 16, 2020 London First today said it has tapped former Today programme editor Sarah Sands to join its board as an adviser. The business campaign group said Sands will take up her role with immediate effect and will help guide the organisation through a challenging period for the capital in the wake of the coronavirus outbreak. In [...]
UK news website readership rises by a fifth amid Covid-19 crisis September 16, 2020 Readership of UK national news websites has jumped by a fifth as Brits flock to trusted sources for updates about the coronavirus crisis. The number of daily readers rose by 3.7m year on year to hit 22m in June, according to the latest figures from audience measurement body Pamco. Across print and digital, national news [...]
Facebook shares dip after Kim Kardashian West announces boycott September 15, 2020 Shares in Facebook dipped this afternoon after Kim Kardashian West announced that she was freezing her account in protest against the sharing of misinformation on the social media platform. In a post on the site, she wrote: “I can’t sit by and stay silent while these platforms continue to allow the spreading of hate, propaganda [...]
Gary Lineker takes 25 per cent pay cut as BBC promises reform September 15, 2020 Gary Lineker will take a 23 per cent pay cut as part of a fresh five-year deal to continue hosting Match of the Day. New figures published today showed the former England footballer remains the BBC’s best paid star, pulling in a salary of £1.75m. But the new contract, which will keep Lineker at the [...]
Social media abuse to be made illegal under new online harms proposals September 11, 2020 Sending abusive messages over social media, messaging services or email could be made illegal under new proposals tabled today. The Law Commission has outlined a number of reforms designed to protect people from harmful behaviour online. The reforms, set out in a consultation paper, would criminalise any communications likely to cause harm. This includes personal [...]
Tiktok joins EU conduct code on hate speech as graphic video continues to circulate September 8, 2020 Tiktok has this morning signed up to the EU’s code of conduct on hate speech, as it struggles to contain the spread of a graphic video on its platform. The video, which shows a person committing suicide, has been circulating on the app since Sunday night. Tiktok said it is working to remove all posts [...]