ITV announces 120 job cuts as part of £25m savings push after Brexit vote October 24, 2016 ITV is cutting 120 jobs, with the broadcaster blaming “political and economic uncertainty”. The company’s chief executive, Adam Crozier, announced he would be seeking £25m of cuts when reporting its half-year results. Read more: ITV inks new deal to screen Britain's Got Talent and X Factor until 2019 ITV said the cost savings were part [...]
Press regulation: Newspapers warn government against move that “could destroy our free press” October 24, 2016 Tomorrow could mark a significant day for British newspapers. Or, in the words of today’s Sun editorial: “Tomorrow the government faces a decision that could destroy our free press and fundamentally undermine the principle of natural justice in Britain.” What is going on? Around four years ago, after conducting a High Court inquiry into the [...]
Activist eyes change at Scottish TV channel October 23, 2016 Scottish television channel STV has become the target of activist investor Crystal Amber. The investor, which recently made headlines by pushing for a sale of Pinewood film studios, has built up an 11 per cent stake in the TV producer. It’s understood Crystal Amber is aiming to buy up to a fifth of STV after [...]
More BuzzFeed news that will make you say WTF October 21, 2016 US company NBCUniversal is reportedly set to increase its investment in news and entertainment website BuzzFeed. Comcast’s TV and movie arm is finalising a deal to put around $200m (£164m) into the company, giving it a total value of $1.7bn, Recode reports. Read more: 560,000 reasons why BuzzFeed won in 2015 In the UK, BuzzFeed [...]
560,000 reasons why BuzzFeed won in 2015 October 19, 2016 The UK arm of US media company BuzzFeed quadrupled its profits last year, making around £560,000, alongside some huge investments. Accounts filed at Companies House show BuzzFeed grew its profits from £140,772 in 2014 to £558,408 last year. The filings don’t show revenue as firms bringing in less than £6.5m are not required to disclose [...]
Twitter fires its new head of VR… in the same week it hired him October 19, 2016 Twitter is ploughing on into the world of virtual reality, though it faced a small setback today after announcing it had fired its new head of VR (roughly 48 hours after he started his new job). A Silicon Valley tech entrepreneur, Gregory Gopman, had joined the struggling social network to work on a nascent team charged with [...]
Independent profitable for first time in 23 years after print closure, says owner October 19, 2016 The Independent is profitable for the first time in more than 20 years after it went online-only earlier this year, its owner has revealed. The Independent and Independent on Sunday print newspapers were closed earlier this year after owner ESI Media, which also publishes the Evening Standard, sold the i newspaper, their cut-price sister title. Read [...]
Yahoo beats Wall Street estimates ahead of Verizon takeover October 18, 2016 Yahoo beat Wall Street earnings estimates in its third quarter earnings, which was a welcome bit of good news for Marissa Mayer’s firm. The company said it earned 20 cents per share on an adjusted basis, above analyst predictions of 14 cents and reported a 6.5 per cent rise in quarterly revenue. But although Yahoo reported [...]
PA to use robots to write market reports and election coverage October 18, 2016 Hello Siri, can you write me a story please? This could be the future of digital journalism after the Press Association said they are looking at using robots to report some stories in the next few months, Press Gazette reported today. Speaking at the Society of Editor's conference this morning, the agency's editor-in-chief, Pete Clifton, [...]
Netflix shares soar thanks to Stranger Things boost, but it’s putting the brakes on its roll-out in China October 17, 2016 After much doom and gloom ahead of Netflix's third quarter update today, shares soared 20 per cent in after-hours trading after stronger than expected earnings. Global streaming revenue surpassed $2bn for the first time – up 36 per cent year-on-year, which Netflix attributed to its strong original content, including Stranger Things and the second series of [...]