Daily Mirror owner Reach sees like-for-like revenues drop as squeeze on circulation and print advertising continues October 8, 2018 The owner of the Daily Mirror newspaper Reach today reported another like-for-like fall in group revenue due to lower circulation and advertising revenues. In a trading update, Reach said that in the third quarter, though total revenue rose 21 per cent due to its recent acquisition of the Express & Star, on a like-for-like basis [...]
When the banter stops: Viral publisher Unilad braced to enter administration October 4, 2018 The company behind Unilad, an internet news site known for its viral content, is set to go into administration – putting hundreds of jobs at risk. A judge recommended the move after a court heard that the website’s parent, Bentley Harrington, had debts running up to £6m. Alex Partridge, Unilad’s co-founder, echoed the call. Patridge [...]
Comcast confirms it has secured 75 per cent of Sky shares October 4, 2018 US media titan Comcast today confirmed it had snapped up over 75 per cent of Sky's shares – leading it tantalisingly close to finalising its acquisition of the British broadcaster. In a regulatory filing, Comcast said that once Fox's sale of its 39 per cent stake in Sky had been approved, it would hold over [...]
Damien Hirst refits his new £40m Soho headquarters, set to open early next year October 4, 2018 Artist Damien Hirst has a “blank canvas” to rework his new £40m building in the heart of London’s Soho. Hirst’s new flagship studio and art complex is expected to go through a major overhaul to match his needs and vision before opening in the early part of next year. The second floor of the new [...]
ITV shares rise as it rules itself out of buying Peaky Blinders maker Endemol Shine October 3, 2018 ITV shares lifted today after the company ruled itself out of the race to buy production house Endemol Shine. Media reports had linked ITV to a bid for the Dutch creator of shows like Peaky Blinders and Big Brother, but in a statement to the market the broadcaster said it was not interested in striking a [...]
Comcast raises money for Sky purchase with $27bn bond sale October 3, 2018 US media giant Comcast has carried out one of the biggest bond sales in corporate history, borrowing $27bn to fund its acquisition of Sky. The bond sale is the second largest of the year and fourth largest in corporate history. Read more: Sky share price flies after Comcast’s £30bn takeover offer The company sold unsecured bonds [...]
CBS faces probes into sexual misconduct allegations against former boss Leslie Moonves September 29, 2018 US media giant CBS yesterday said it was facing an investigation over allegations of sexual misconduct relating to its former boss Leslie Moonves. Moonves stepped down earlier this month after the New Yorker magazine published new allegations from several different women. The firm said in a regulatory filing yesterday it was facing investigations from the New York County District [...]
Former Daily Mail supremo Paul Dacre steps down from the DMGT board September 26, 2018 Former Daily Mail editor-in-chief Paul Dacre has left the board of the newspaper's parent company, three months after announcing his resignation. Daily Mail and General Trust (DMGT) today said Dacre has stepped down as executive director with immediate effect. In June the company announced he would leave the Daily Mail and be appointed chairman [...]
Fox and Disney confirm they will sell Sky stake to Comcast September 26, 2018 Disney and 21st Century Fox have confirmed they will sell off their stake in Sky to Comcast, meaning the US media titan will almost certainly win full control of the broadcaster. It ends speculation around what Disney and Fox bosses Bob Iger and Rupert Murdoch were going to do with the 39 per cent stake after losing the dramatic auction [...]
CBS appoints Richard Parsons as interim chair after Lesley Moonves resigns over sexual misconduct allegations September 26, 2018 US media giant CBS has appointed an interim chairman to replace Lesley Moonves, who resigned earlier this month following a wave of sexual assault allegations. Richard Parsons will step in as interim chair – CBS also said two other board members, Bruce Gordon and William Cohen would step down to focus on other personal [...]