Sun and Times newspapers report losses as revenues are hit by advertising decline January 5, 2017 The publishers behind the Times and Sun newspapers, both owned by Rupert Murdoch’s News UK, part of News Corporation, have reported falling revenue and losses. Times Newspapers, which publishes the daily Times newspaper and the Sunday Times, saw its revenue dip from £342.6m to £341.7m in the year to 3 July 2016. The company made [...]
That don’t impress me much, say public of Max Mosley-backed press regulator’s funding structure January 4, 2017 The newspaper industry is stepping up opposition to a government-approved press regulator, today publishing a poll seemingly illustrating public opposition to its funding model. The majority of the industry is regulated by the Independent Press Standards Organisation (Ipso), which is funded by its members. Rival regulator Impress currently has a small number of, mainly hyperlocal, members. Read [...]
Newspapers step up fight against “insane” new Section 40 law January 3, 2017 The newspaper industry is stepping up efforts to avert a new law, which has been condemned as “insane” by the editor of the Sun. What is going on? Next week, a government consultation on whether to implement Section 40 of the Crime and Courts Act will end. If passed, the new rules would mean that [...]
Russian “Methbots” show we need to ditch our digital advertising addiction January 3, 2017 The advertising industry had a serious problem in 2016. In recent years, the rise of digital advertising has gone from a new and welcome thrill for marketers, to a full-on addiction that has left brands robbed of money, and the reality of what has been going on behind their backs. It was only a matter [...]
Vinyl comeback led by David Bowie helps UK music to vintage 2016 January 3, 2017 The vinyl comeback, David Bowie and streaming helped 2016 become a vintage year for UK music consumption. Industry body the BPI counted a total of 123m album equivalent sales (AES) last year, a 1.5 per cent increase on 2015’s figures. This corresponded to an estimated retail value of £1bn. There were 45bn audio streams served in 2016, [...]
Trinity Mirror defends buyback amid pension shortfall criticism January 2, 2017 Newspaper publisher Trinity Mirror has defended a £10m share buyback amid criticism over its £426m pension shortfall. Frank Field, chair of the influential work and pensions select committee, has called on the Pensions Regulator to block the buyback, while the move has also been criticised by former Tory pensions minister Baroness Altmann. Read more: New [...]
Star Wars blasted way to top of UK box office in 2016 January 2, 2017 Walt Disney has described 2016 as a “phenomenal year” for its films in the UK and Ireland. The US media company said the new Star Wars spin-off, Rogue One, had taken over £50.7m, making it the biggest film of the year in the UK and Ireland. Read more: Star Wars spin-off feels the force after [...]
New Year’s honours 2017: The full rundown of the business community’s representatives on this year’s list December 31, 2016 The British business community was well represented on the New Years honours list, with entrepreneurs and executives featuring prominently amongst the more than 100 figures recognised for services to the industry and economy. Here's a run down of some the most notable business names who received the official seal of approval this year. Read more: Arise, Dame Inga – Lloyd's of [...]
Media union Bectu to merge into engineering counterpart Prospect taking membership to 140,000 December 24, 2016 Entertainment and media workers union Bectu will be swallowed by Prospect, the UK's largest engineer-dedicated union. Prospect numbers will swell to 140,000 following the merger which will go live from 1 January, putting it firmly inside the top 15 largest unions in the country and almost double in size of the likes of the Rail, Maritime and [...]
BBC spends £815,000 on counselling staff for stress, bullying and harassment among other issues December 21, 2016 The BBC has spent nearly £815,000 since 2010 counselling staff for stress, bullying and harassment among other issues, City A.M. can exclusively reveal. The corporation’s bill for counselling staff for the 2016/2017 financial year increased to over £102,000 from the previous period during which it forked out nearly £94,500. The BBC came under fire last [...]