Warner Music raises $1.9bn in biggest US listing this year June 3, 2020 Warner Music Group today said it had raised $1.93bn (£1.5bn) from its initial public offering (IPO), marking Wall Street’s largest listing this year. The record label had planned to price its IPO yesterday, but postponed it by a day to mark Black Out Tuesday, a global social media event to show support for racial justice. [...]
Evening Standard appoints media veteran Charles Yardley as new chief executive June 3, 2020 The Evening Standard today said it has appointed veteran media executive Charles Yardley as its new chief executive following the surprise departure of Mike Soutar. In April the London newspaper said Soutar would step down at the end of May after just six months in the role, citing the boss’ decision to “pursue other business [...]
News Group hit with 45 new phone hacking claims June 2, 2020 Rupert Murdoch’s News Group Newspapers has been hit with 45 new phone hacking legal claims in the last week, court filings reveal. The Sun-owner has had 85 claims issued against it for phone hacking since May 2018, data from litigation analytics company Solomonic shows. The latest batch of claimants includes Hollywood star Johnny Depp, TV [...]
Spectator to return furlough money as sales hit 87,000 June 2, 2020 The Spectator today said it will return the money it used to furlough staff to the government after a rise in sales helped bolster the company’s balance sheet during the Covid-19 crisis. The weekly magazine said that while it had suffered a hit to revenue from advertising, events and newsstand sales as a result of [...]
Times Radio adds Mariella Frostrup to line-up as it unveils launch date June 2, 2020 Times Radio today added veteran broadcaster Mariella Frostrup to its roster of presenters as it revealed the new talk radio station will hit the airwaves on 29 June. Former BBC Radio 4 presenter and TV regular Frostrup will host afternoon shows on Monday to Thursdays, while 5 Live veteran Phil Williams will present evening shows [...]
Twitter flags Trump tweet for ‘glorifying violence’ as row escalates May 29, 2020 Twitter today said that one of Donald Trump’s tweets had broken its rules about “glorifying violence”, marking the latest salvo in an escalating feud between social media firms and the US president. “These THUGS are dishonoring the memory of George Floyd, and I won’t let that happen,” Trump tweeted, in reference to protests over the [...]
Trump to sign executive order about social media amid Twitter spat May 28, 2020 US President Donald Trump will today sign an executive order on social media firms, the White House has said. The move comes after the president became embroiled in a dispute with Twitter, which marked one of his tweets with a fact check warning over its inaccurate claims. Trump yesterday threatened to shut down social media [...]
Daily Mail owner revenue sinks as Covid-19 hits advertising May 28, 2020 The owner of the Daily Mail today said its media revenue dropped by a third in April as it posted a sharp fall in profit for the first six months of the year. The figures Daily Mail and General Trust (DMGT) posted pre-tax profit of £56m in the six months to the end of March, [...]
Bauer to shutter dozens of radio brands in restructuring plan May 27, 2020 Bauer today said it will shut down almost 50 local radio station brands as it restructures its media empire to form the UK’s largest commercial radio network. Earlier this year the company was given regulatory approval for its takeover of 54 regional stations from Celador, Lincs FM, Wireless and UKRD. Bauer today said that most [...]
Twitter stamps fact check warning on Donald Trump tweet May 27, 2020 A tweet by US President Donald Trump has been marked by Twitter with a warning for the first time ever after its unsubstantiated claims were debunked by fact checkers. In a post published yesterday Trump said there was “NO WAY (ZERO!) that Mail-In Ballots will be anything less than substantially fraudulent”. In the post, which [...]