Reddit targets £5bn valuation in US public float with users able to buy stock March 11, 2024 If successful, the IPO could see Reddit raising more than $500m, with a potential to reach up to $748m if it sells about 22m shares.
Competition watchdog and Ofcom deliver results of probe into Abu Dhabi-backed Telegraph bid to media secretary March 11, 2024 The CMA has reported on jurisdictional and competition matters to the secretary of state, Lucy Frazer, who is also due to hear from Ofcom.
Meet the brains behind the fast-growing ‘builders’ radio station taking on the big boys March 11, 2024 Fix Radio has more than 450,000 average weekly listeners and is forecasting revenue of over £5m in 2024, up from £2m in 2022.
Spring Budget 2024: Cash goes into plan to boost UK creative industries March 6, 2024 The Chancellor has announced a raft of tax relief changes for Britain's creative industries sector during his Spring Budget 2024 announcement.
Global appoints STV boss Simon Pitts as new chief amid boardroom reshuffle March 6, 2024 Global Media Group has appointed Simon Pitts, former STV boss, as its new chief, effective from the first quarter of 2025.
Cinema spending soared last year thanks to these six blockbusters – but one disappointed March 5, 2024 UK cinema operators received a boost from spending in 2023 thanks to a year of silver screen blockbusters, according to data from Lloyds Bank.
TalkTV follows Piers Morgan to Youtube after failing to win eyeballs on the box March 5, 2024 TalkTV is bidding farewell to traditional television and moving online as it struggles to win over eyeballs that are glued to rival GB News.
GB News losses widen to £42m amid Farage, Rees-Mogg, Johnson wages and Ofcom probes March 5, 2024 GB News is grappling with a flurry of setbacks including plunging losses, a swathe of ongoing Ofcom investigations and a hefty wage bill.
Reach: Mirror, Star and Express publisher warns of print and digital ad revenue drop March 5, 2024 Within the decline in revenue, it said print fell to £438.8m down two per cent, while and digital dropped a worrying 15 per cent.
Lucy Frazer warns The Telegraph over leadership changes which breached government order March 4, 2024 The Telegraph recently announced the appointment of Anna Jones, former chief of Hearst Magazines UK, as the group's chief executive.