Tiktok owner Bytedance sees revenue surge to £4.4bn, according to sources June 17, 2020 Bytedance, the Chinese company behind social media platform Tiktok, has seen a surge in first-quarter revenue to 40bn yuan (£4.4bn), according to two people familiar with the matter. The revenue boost marks a 130 per cent year-on-year increase, according to Reuters, citing two sources with knowledge on the matter who declined to be identified. Bytedance [...]
Instagram likely to ‘overtake Twitter’ as a source of news June 16, 2020 Instagram is set to overtake Twitter as a source of news, new research has shown, as public trust in traditional media continues to nosedive. The use of the photo-sharing platform as a news source has doubled to 11 per cent since 2018 and looks likely to overtake Twitter over the next year, a report by [...]
BBC to show more repeats amid “tough period” for the broadcaster June 16, 2020 The BBC has said it will show more repeats over the summer and output will be “thinner” over the next year after the coronavirus pandemic forced the broadcaster to scrap its filming schedule. Speaking to ministers at the Department for Digital, Culture, Media and Sport (DCMS) select committee hearing today, senior executives said the BBC [...]
Ex-chancellor George Osborne quits as Evening Standard editor after three years June 12, 2020 George Osborne is to step down as editor of the Evening Standard after three years in the role, it was announced today. The former chancellor of the exchequer said: “After three wonderful years I’m stepping down at the Evening Standard to become editor-in-chief. Thanks to the team who’ve made the paper a must read and [...]
UKTV removes classic ‘Don’t mention the war’ Fawlty Towers episode June 12, 2020 BBC-owned streaming service UKTV has removed the ‘Don’t mention the war’ episode of sitcom classic Fawlty Towers, as broadcasters continue to cull content perceived to be insensitive from their platforms. The episode of the 1970s sitcom in which hotel proprietor Basil Fawlty, played by John Cleese, goose-steps while shouting “Don’t mention the war!” has been [...]
Pearson shares rocket as Cevian Capital snaps up stake June 12, 2020 Pearson shares surged almost 10 per cent this morning after activist investor Cevian Capital unmasked a 5.4 per cent stake in the firm. A regulatory filing in the US yesterday showed Stockholm-based investor Cevian Capital has taken a stake of 40.6m shares in Pearson. Shares in the educational publisher were up 9.7 per cent to [...]
WPP appoints former Burberry chief June 11, 2020 Media giant WPP has appointed the former chief executive of Burberry and ex-head of retail at Apple to its board. Angela Ahrendts will become a non-executive board member at WPP after ending a five-year run as one of the most senior figures at Apple. Ahrendts led British fashion brand Burberry from 2006 to 2013, during [...]
News UK set to cut jobs in radio and newspaper June 11, 2020 News UK is set to cut jobs in its radio and newspaper operations, as coronavirus continues to hammer print advertising and sales. Rebekah Brooks, chief executive of News UK, yesterday wrote to employees from The Sun and The Times to announce that “in the coming months, we will need to streamline the business and take [...]
HBO pulls Gone With The Wind over ‘racist’ depiction of slave era June 10, 2020 HBO has removed Gone With The Wind from its streaming platform over its “racist” depiction of the American south during slavery. HBO Max, the broadcaster’s streaming service launched last month, announced that it has temporarily dropped the 1939 film. HBO said it would return the film to its platform at an unspecified date with a [...]
BBC appoints Tim Davie as new director general June 5, 2020 The BBC has named Tim Davie as its new director general, bringing to an end months of speculation over the successor to outgoing boss Tony Hall. Davie, who is currently chief executive of BBC Studios, will take up the role in September. Davie is one of the corporation’s longest-serving executives and stepped in as acting [...]