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Media

  • Royal Mail continues drive to scrap Saturday post after union bends

    April 30, 2024

    Royal Mail's proposals include a slower first-class service and reducing the number of delivery days from six to three.

  • Financial Times announced as latest publication to ink deal with OpenAI

    April 29, 2024

    OpenAI is reportedly offering news organisations as much as $5m per year to license their copyrighted content to train its AI models.

  • One Media IP: broker upgrades forecast for ‘only UK-listed alternative to Hipgnosis’

    April 29, 2024

    Broker Cavendish said it believes One Media IP remains the only UK listed avenue for investors to gain exposure to music royalties.

  • Hipgnosis board recommends new £1.25bn bid from Blackstone

    April 29, 2024

    Blackstone's $1.30 in cash per share bid, higher than the revised offer from Concord Music, values Hipgnosis at about $1.57bn (£1.25bn).

  • Former Barclays boss Bob Diamond set to chair Tiktok rival Triller

    April 28, 2024

    Former Barclays boss Bob Diamond is set to chair social media startup Triller, which has been backed by artists such as Snoop Dogg and The Weeknd.

  • Blackstone turns up the volume in bidding war for Hipgnosis

    April 28, 2024

    Blackstone is gearing up to submit a bigger bid for the London-listed fund that owns the rights to songs by Justin Bieber and Shakira.

  • Union appears to support Royal Mail proposals to end Saturday post

    April 28, 2024

    The Communication Workers Union (CWU) had been a major obstacle to Royal Mail's efforts to reduce its loss-making daily deliveries. 

  • Telegraph auction to re-open as Redbird IMI looks to withdraw £600m bid

    April 26, 2024

    RedBird IMI is working to finalise a structure for the sale with ministers, who are hoping to cling on to some oversight of the Telegraph.

  • Social media drives UK online ad spend to highest level ever

    April 25, 2024

    Total ad spend rose six per cent in 2023 to £36.6bn, although this translated to a 1.2 per cent contraction after accounting for inflation.

  • Owner of The Sun hits ITV with legal action over footage of Princess of Wales

    April 24, 2024

    Broadcaster ITV and its production company ITN have been hit with legal action by the publisher of The Sun newspaper

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