Brussels launches campaign to entice UK creative industries ahead of Brexit January 24, 2019 Brussels has positioned itself as a potential new home for the UK’s creative industries by calling on creative businesses to move to the Belgian capital ahead of Brexit. The campaign aims to bring British companies in the film, broadcast and creative industries to Brussels to help them secure their European operations when Britain leaves the [...]
Buzzfeed and Verizon plan to slash hundreds of jobs in grim day for digital media January 24, 2019 Online publishers Buzzfeed and Verizon Media have announced plans to cut hundreds of staff members as digital media faces a squeeze on advertising revenues. Buzzfeed said it plans to reduce its global headcount by 15 per cent, believed to amount to roughly 200 members of staff, as it looks to cut costs. Read more: Murdoch eyes [...]
Netflix leads the way as UK on-demand video subscriptions soar January 24, 2019 The number of UK homes that subscribe to an on-demand TV service has soared in the last year, with Netflix the most popular choice, new figures have revealed. A total of 11.6m UK households had a subscription to at least one of Netflix, Amazon Prime Video or Now TV in the third quarter of 2018, [...]
Daily Mail maintains guidance as digital revenues help offset print decline January 24, 2019 The Daily Mail’s parent company today said it maintains its full-year guidance as revenue rises for its online and TV offerings offset a decline in print sales. Daily Mail and General Trust (DMGT) said reported revenue growth slipped two per cent in the three months to the end of December, impacted by disposals in its [...]
Haynes shares soar as growing digital business boosts half-year results January 24, 2019 Publisher Haynes saw its share price jump this morning after reporting a rise in half-year revenue and profits as it looks to shift its car manuals to digital formats. The figures Haynes reported a 23 per cent rise in profit before tax to £1.6m in the 26 weeks to the end of November. Revenue jumped [...]
Facebook to invest £3m in targeting spam ads in the UK as Martin Lewis drops lawsuit January 23, 2019 Facebook has said it will invest £3m into targeting fraudulent adverts on its UK platform, after reaching a settlement with Money Saving Expert founder Martin Lewis. Lewis first launched proceedings against Facebook last year over a series of ads appearing on the website which claimed he had backed several investment schemes. Those schemes later turned out [...]
MPs slam BBC for not acknowledging pay discrimination problem January 23, 2019 The BBC is facing fresh criticism over pay equality after the government slammed the broadcaster’s response to its report published in October. The Department for Digital, Culture, Media and Sport (DCMS) today blasted the BBC for not acknowledging the problem of equal pay within the organisation. Read more: BBC executive Jackie Edwards tapped to head new [...]
Ancient Origins founder Joanna Gillan travels the world to write about history and explore historical locations January 21, 2019 What would be your ideal job? For some, it might be trying to make the world better by saving the pandas or cleaning up the oceans. Others may simply want to make lots of money while wheeling and dealing in a high-stakes career. But for many of us, I’d wager the ideal job would involve [...]
EU digital tax could be agreed by March, says French finance minister Bruno Le Maire January 20, 2019 The European Union could reach an agreement on details of a digital tax by the end of March, the French finance minister has said. Talks among EU ministers aimed at aligning the taxation of online businesses broke down in December. A number of smaller member states, including Ireland, Sweden and Denmark, opposed the plan and [...]
Facebook shares lose gains as regulators discuss imposing record fine January 19, 2019 Facebook’s share price lost some of its gains on Friday after a report emerged that US regulators were considering fining the company for privacy violations. Facebook was up 0.25 per cent for the day but lost gains that had seen the company’s price rise by 2.8 per cent earlier in the session. The regulators met [...]