Mirror publisher Reach posts revenues slip ahead of shareholder showdown May 2, 2019 Mirror publisher Reach has posted a dip in revenue amid reduced demand for its print products, as it gears up for a showdown with investors over executive pay. Like-for-like revenue fell by 6.4 per cent in the first four months of the year, driven by a 7.9 per cent drop in print revenues. Read more: [...]
Guardian turns profit for first time in 20 years as turnaround plan pays off May 1, 2019 The Guardian has posted a small profit for the full-year, marking the first time the media group has been in the black since 1998. Read more: Mirror publisher Reach expects to benefit from Facebook's fake news fight The figures Guardian News and Media (GNM) posted a profit of £0.8m in the year to April, up [...]
Use of #ad more than doubles in a year amid influencer marketing crackdown April 30, 2019 The number of social media influencers using the hashtag ‘ad’ has more than doubled in the last year amid a crackdown on hidden product endorsements. A report by marketing firm Socialbakers revealed the use of #ad increased 133 per cent in the 12 months to the end of the first quarter this year. Read more: [...]
Spotify reaches 100m premium subscribers as it marks milestone in first quarter April 29, 2019 Spotify hit 100m premium subscribers in the first quarter of this year, as the music streaming platform expanded into India and saw a positive uptake of new services. The number of premium subscribers paying for the streaming service jumped 32 per cent to 100m driven by the expansion of its Google Home Mini promotion, which [...]
Avengers, Assemble – Marvel’s superhero franchise can teach your business how to tackle digital disruption April 29, 2019 It’s fair to assume that for Marvel fans sitting down to watch the recently released Avengers: Endgame, their first thought won’t be what it teaches us about digital disruption – they’ll be wondering how the dream team will defeat the Mad Titan Thanos, and who will still be standing when the credits roll. However, with [...]
Tech giants urged to work with government in online harms battle April 29, 2019 Facebook, Google and Snapchat should use their technology to work with the government on tackling harmful content online, health secretary Matt Hancock will say today. The health secretary will challenge social media giants to make greater progress in protecting vulnerable users at a second UK summit between tech firms and internet providers, held as part [...]
Advertising giant WPP suffers like-for-like sales decline after ‘significant’ client losses April 26, 2019 WPP sales slipped in the first three months of the year as the advertising giant told investors it is closer to selling market research division Kantar. Read more: WPP boss outlines overhaul of corporate culture Revenue rose almost one per cent year on year to £3.59bn in the first quarter of 2019 but like-for-like revenue [...]
BBC retains troubled outsourcer Interserve to provide security across its UK sites April 26, 2019 Embattled public sector outsourcer Interserve has been tasked with guarding the BBC’s entire UK estate for the next three years, in a contract award worth £47m. Read more: FRC investigates Grant Thornton audits of Interserve The announcement, seen by City A.M. last night, means Interserve’s security brand First Security will continue providing services for the [...]
Comcast beats profit estimates but streaming rivals eat into revenue April 25, 2019 US media giant Comcast has beaten Wall Street estimates to post strong first-quarter profit, but fell short on revenue. The figures Comcast posted a 17.9 per cent increase in revenues to $26.9bn (£21bn). Net profit rose 14 per cent to $3.6bn. Adjusted earnings before interest, tax, depreciation and amortisation increased 18.1 per cent to $8.6bn. [...]
Facebook braces for $5bn hit after privacy scandals April 25, 2019 An ongoing probe into a slew of data breaches at Facebook has left the social media giant braced for a financial hit of up to $5bn (£3.9bn) in fines and legal costs. The social media giant’s profit for the first three months of this year more than halved year-on-year to just $2.4bn, with earnings per [...]