Reach boss Simon Fox to step down as publisher posts strong digital growth July 29, 2019 The chief executive of Daily Mirror publisher Reach is stepping down after seven years, as the company unveiled significant growth in its digital division for the half year. Simon Fox will leave the firm on 16 August and will be replaced by Jim Mullen, who is currently chief executive of gambling giant Ladbrokes Coral. Read [...]
Beggars Group music boss Martin Mills bags £8m payday July 28, 2019 The music mogul behind record company Beggars Group bagged an £8m dividend last year as his firm cashed in the sale of its stake in Spotify. Read more: Warner Music buys record label behind Les Miserables and Mary Poppins Martin Mills, who founded Beggars in 1977, secured the sum after a strong year of trading [...]
Russia threatens retaliation against British media after RT fine July 26, 2019 Russia has warned UK media working in Russia that they will face consequences after Ofcom handed down a £200,000 fine to broadcaster RT. In a statement, Russia’s Ministry of Foreign Affairs said it viewed the penalty as “part of an anti-Russian campaign designed to restrict the activities of Russian media in Britain”. Read more: RT [...]
RT fined £200,000 for impartiality breach over Salisbury poisoning coverage July 26, 2019 Russian broadcaster RT has been fined £200,000 by Ofcom over “serious failures” to comply with impartiality rules. Read more: RT broke broadcasting rules on impartiality, says Ofcom The regulator said RT – formerly known as Russia Today – had breached requirements for broadcast news to be presented with due impartiality in seven programmes that covered [...]
Pearson holds full-year guidance as digital shift pays off July 26, 2019 Pearson has held its guidance for the full year as the firm’s ongoing shift from textbooks to digital formats drove robust trading in the first half. The publishing and education firm posted a two per cent decline in revenue to £1.83bn in the first six months of the year. Read more: Pearson sales slip as [...]
Comcast grows revenue and profit thanks to broadband boost July 25, 2019 Comcast has posted a rise in revenue and profit for the second quarter as an increase in broadband customers helped offset a decline in its TV business. The US media group posted revenue of $26.9bn (£21.5bn) in the three months to the end of June, up 24 per cent on the same period last year. [...]
Shares in publisher Relx drop as growth falls short of expectations July 25, 2019 Shares in academic analytics firm Relx dropped as much as five per cent in early trading after it missed expectations for half-year revenue growth. Relx, which also runs exhibitions such as Comic Con, posted a three per cent rise in revenue to £3.9bn in the six months to the end of June, while profit before [...]
ITV prospects brighten after Love Island boost July 25, 2019 | City Talk By Graeme Evans from interactive investor. A Love Island advertising boost has helped high-yielding ITV shares to recover some lost ground. While the prospect of another Love Island on our screens this winter won’t fill everyone with joy, ITV (LSE:ITV) investors are unlikely to be complaining too loudly after the current series of the hit reality show helped to bolster [...]
Daily Mail owner on track as Mail Online growth props up revenue July 25, 2019 Daily Mail and General Trust (DMGT) today said it is on track for full-year trading in line with expectations, as strong growth for Mail Online offset a decline in business to business revenue. The publishing group posted a two per cent decline in revenue in the nine months to June after a mixed performance across [...]
ITV profits stumble as broadcaster bets on Britbox for future July 24, 2019 ITV’s share price rose this morning despite seeing profits fall 16 per cent in the first half of 2019, as the broadcaster beat downbeat expectations in an “uncertain” political and economic backdrop. Read more: BBC and ITV reveal pricing for new streaming service Britbox The figures ITV’s profit before tax dropped 16 per cent year [...]