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 [...]
S4 Capital acquires data analytics group in face of coronavirus May 26, 2020 The coronavirus crisis will not stop Martin Sorrell’s expansion plans, with his business S4 Capital today acquiring a data analytics group. Marketing guru Sorrell said: “Now is not the time to slow down, as we see Covid-19 accelerating digital transformation – at all levels, consumer, media and enterprise.” His comments came as S4 Capital today [...]
Children’s exposure to TV adverts halves over last decade amid rise of streaming May 22, 2020 Children’s exposure to TV adverts has almost halved in the last decade as young people increasingly tune in to streaming services. Children aged four to 15 saw an average of 115.9 ads per week last year, down more than 47 per cent compared to 2008, according to new figures from the Advertising Standards Authority (ASA). [...]
Future’s profit jumps 77 per cent as consumers turn to online publications May 22, 2020 Publishing group Future has reported a 77 per cent increase in profit in the first half of the year, as consumers turned to its digital offering amid the coronavirus crisis. The company had a record-breaking 329m online users in March 2020, as global lockdowns upended traditional distribution. The figures Adjusted operating profit for the six [...]
Newspaper circulation figures to be kept private as sales crash due to Covid-19 May 21, 2020 UK publishers will no longer have to make their circulation figures public as the Covid-19 crisis continues to decimate newspaper sales and distribution. The Audit Bureau of Circulation (ABC), which publishes the official data, today said it will no longer publish its public monthly report, though the figures will still be available to advertisers. The [...]
Mark Zuckerberg: Facebook is in fake news ‘arms race’ against rival states May 21, 2020 Mark Zuckerberg has said that Facebook is in an “arms race” to prevent misinformation from state actors as he defended his company’s crackdown on fake news about the Covid-19 crisis. The social media boss said his firm was battling to prevent interference from countries such as Russia, Iran and China, and admitted it was “behind” [...]
Amazon UK boss tipped as candidate for BBC director general role May 21, 2020 Amazon’s UK chief is said to be one of the frontrunners to take over as director general of the BBC amid concerns the job hunt could be pushed back due to Covid-19. Douglas Gurr, who has led the tech giant’s operations in the UK and Ireland since 2016, is one of four candidates on the [...]
BBC Three could return as on-air channel after Normal People and Fleabag success May 20, 2020 BBC Three could be brought back on air as the broadcaster looks to capitalise on a string of recent hits that have resonated with its vital youth audience. The channel was taken off linear TV and became online-only four years ago to save £30m, with the BBC arguing that young people were increasingly watching shows [...]