Global: Huge losses continue for LBC, Heart and Capital owner January 2, 2025 Global, the media giant which owns commercial radio stations such as Capital, Heart and LBC, has now lost almost £700m since it last reported a pre-tax profit. The London-headquartered empire, which also includes Smooth, Radio X and Classic FM, fell to a pre-tax loss of £120.3m in the year to 31 March, 2024, newly-filed accounts [...]
‘It Ends with Us’ director Justin Baldoni hits New York Times with major lawsuit January 2, 2025 Justin Baldoni is suing the NYT over its story on his co-star Blake Lively's allegations of sexual harassment on the set of the 'It Ends with Us'
AI copyright law changes could undermine British music industry December 31, 2024 Music trade association issued warnings against the government's proposed changes to copyright law
National World: Yorkshire Post and The Scotsman owner agrees £65m takeover December 18, 2024 Shareholders in National World, the media group whose titles include Yorkshire Post and The Scotsman, are set for a bumper pay day as a takeover deal which values it at over £65m was agreed. Irish media group Media Concierge, which currently holds a 26 per cent stake in National World, first tabled an offer worth [...]
Tortoise Media acquires Observer newspaper as deal finalised December 18, 2024 The Observer newspaper’s sale to Tortoise Media has been confirmed after a deal was signed by The Scott Trust and Guardian Media Group (GMG). James Harding will take on the role of editor-in-chief while Lucy Rock has been appointed editor (print), the first woman to oversee the newspaper in 100 years. The Observer is being [...]
Canal+ IPO offers hope for troubled London Stock Exchange December 16, 2024 French media giant Canal+ will list on the London Stock Exchange this morning in an early Christmas present for a bourse battered by a string of exits this year.
Steven Bartlett faces questions over hit Diary of a CEO podcast December 13, 2024 Dragons’ Den star Steven Bartlett is facing questions over his hit Diary of a CEO podcast after a investigation by BBC News raised concerns over health claims made by several guests. The entrepreneur, who made his fortune after co-founding Social Chain in Manchester after dropping out of university, has been accused of amplifying harmful health [...]
Channel 5 loses £160m ahead of major rebrand amid audience growth December 9, 2024 Channel 5 has insisted its operating model remains stable despite losing almost £160m during 2023, it has been revealed. The channel, which is set to rebrand simply as 5 in April 2025, has slumped to the loss as a result of the value of its investment in Viacom Interactive – a subsidiary of parent company [...]
Condé Nast: Profit slashed at Vogue and GQ owner November 28, 2024 Profit at the UK arm of Condé Nast, the publishing giant behind the likes of Vogue and GQ, has been slashed as it battles a rise in costs. The company, whose publications also include Vanity Fair, Architectural Digest, Wired and Condé Nast Traveller, has reported a pre-tax profit of £8.3m for 2023, according to newly-filed [...]
Why Premier League has opened door to a ‘Netflix of Football’ November 25, 2024 Friday's vote could be a watershed moment that transforms the way the world’s most popular league is consumed around the world.