Lord Rothermere tightens grip on Mail group with Euromoney share give away March 3, 2019 Lord Rothermere is set to tighten his control over Daily Mail and General Trust (DMGT) by returning all of DMGT’s shares in business media group Euromoney to shareholders. The company said today that it would return its 49 per cent stake in Euromoney along with £200m of cash to certain DMGT shareholders. Read more: Daily [...]
Advertising outlook clouds picture at ITV March 1, 2019 | City Talk There's excitement over plans for BritBox, but advertising trends at ITV still make uneasy viewing. ITV (LSE:ITV) has a strategy which is delivering the required results, even though in the very near term the company's own outlook is more guarded. The inevitable culprit is Brexit, as advertisers become less willing to commit to an expensive, [...]
Profits plunge at advertising giant WPP as it warns of ‘challenging’ 2019 March 1, 2019 Profit before tax plummeted at advertising giant WPP last year as it repeated its warning about a challenging 2019, but shares rose as the media firm beat low market expectations Read more: Martin Sorrell regrets nothing after WPP exit amid misconduct allegations The figures Profit before tax dropped 30.6 per cent to £1.46bn compared to [...]
Software developers beat average UK salary by 154 per cent February 28, 2019 Top developers earn 154 per cent more than the average Brit, a report released today has revealed, with blockchain fuelling a rise in employer demand for such skills. Read more: Blockchain oil firm taps former JP Morgan director as new chief Software supremos command an average salary of £71,000 a year compared with the UK [...]
Video killed the radio star – is it TV’s turn for the chop? February 27, 2019 I read the news about the proposed merger of BBC and ITV today with interest. The new service – apparently called ‘Britbox’ – will reportedly cost around £5 a month. Just last week, I interviewed outgoing CEO of UKTV, Darren Childs, for my Media Masters podcast, where we discussed the future of television and the [...]
ITV and BBC announce online streaming service to rival Netflix February 27, 2019 ITV has reported boosted revenue this morning as the broadcaster announced it is in final talks with the BBC to launch Netflix rival Britbox. The figures Total external revenue was up three per cent to £3.2bn and total non-advertising revenues grew five per cent to £1.9bn, ITV said in its full-year year results for [...]
Mirror publisher Reach expects to benefit from Facebook’s fake news fight as it blames Brexit uncertainty for £200m writedown February 25, 2019 Mirror and Express publisher Reach expects to benefit from Facebook’s fake news controversy in 2019 as it looks to its digital revenues for growth. The results Revenue rose 16.2 per cent year on year to £723.9m in 2018 following the purchase of the Daily Express, Daily Star and OK! Magazine publisher, Express & Star. But [...]
Daily Mail reviews options for financial magazine publisher Euromoney February 25, 2019 The owner of the Daily Mail is “reviewing options” for its holding in financial publisher Euromoney. The announcement follows reports over the weekend that Daily Mail and General Trust (DMGT) has lined up a £750m sale of its 49 per cent stake in Euromoney Institutional Investor. Read more: Daily Mail online ad revenue helps offset print [...]
Pearson sales slip as publisher eyes 2020 revenue growth February 22, 2019 Sales fell at education publisher Pearson in 2018 even as profits surged, the firm revealed today, as it confirmed a £500m pension insurance deal with Legal & General. Read more: Pearson seals £500m pension insurance deal with L&G The figures Revenue slipped nine per cent year on year to £4.1bn after Pearson took a £216m [...]
Netflix is first choice for almost half of Brits wanting new movie releases February 20, 2019 Almost half of UK film lovers prefer watching new release movies on Netflix over going to the cinemas, according to data released today. The survey from consumer profiling firm GlobalWebIndex reveals that 46 per cent of Brits would rather watch a film from the comfort of their own home on than head out to the cinema. [...]