Global the big winner in new radio figures as Heart, Capital and LBC take top spot in London February 2, 2023 Global Media group have posted exceptional fourth-quarter results as record numbers of listeners tuned into their popular radio stations every week. The media and entertainment company amassed the highest-ever share of the radio market at 25.4 per cent, producing an unrivalled total of 258 million hours across all their platforms. An increase of listeners to [...]
Amazon Prime and Netflix brace for cancellations as Brits look to trim spending January 30, 2023 More Brits are planning to unsubscribe from video streaming services this year, after new data revealed the number paid-for subscriptions in the UK fell by two million last year as rising costs continue to eat into household budgets. Data analytics group Kantar revealed today that the number video streaming subscriptions in the UK fell from [...]
Dorries: Ex culture sec joins Piers Morgan, Jeremy Kyle and Vanessa Feltz with TalkTV Friday night slot January 27, 2023 Former culture secretary Nadine Dorries will host a new Friday night talk show on TalkTV. The first instalment of her weekly, hour-long programme, titled Friday Night With Nadine, will feature an exclusive interview with former prime minister Boris Johnson. The Tory MP for Mid Bedfordshire joins a roster that also includes Piers Morgan, Jeremy Kyle, [...]
Nokia’s 16 per cent jump in sales lifts share price as it forecasts a strong year January 26, 2023 Nokia today reported a 16 per cent jump in sales for the last quarter, smashing expectations and sending its share price up by nearly six per cent at the open. In a fourth quarter trading update, Nokia said sales rose 16 per cent from the same period last year to £6.54bn (7.45bn euros), ahead of [...]
Make Meta Trump Again: Former President invited back on to Facebook – but firm promises ‘guardrails’ January 25, 2023 Former US President Donald Trump has had his suspension from Facebook lifted – but he’ll be subject to new ‘guardrails’ which could include stopping his posts being distributed on the platform. Trump was suspended for supporting protestors at the US Capitol on January 6 who stormed the building in a riot which killed five people. [...]
A bad Musk: Ad spending on Twitter fell by 70 per cent in December, new data shows January 25, 2023 Spending on adverts on Twitter dropped by 70 per cent in December, new data has revealed. The fresh statistics, from advertising research company Standard Media Index, shows that firms are losing confidence in the social media platform and raises further questions about whether Musk will be able to turn things around. According to reports, Twitter [...]
Murdoch cancels proposal to reunite Fox and News Corp as shareholders lack confidence January 25, 2023 Rupert Murdoch has abandoned an attempt to reunite Fox and News Corp after shareholders expressed their lack of confidence in the merger. An announcement by News Corp yesterday said Murdoch had retracted his proposal to “explore a potential combination of News Corp and Fox Corporation” in a letter to Fox and News Corp. The billionaire [...]
M&C Saatchi chair steps down as advertising firm unveils largest ever pre-tax profit of £31m January 24, 2023 Gareth Davis said he would not seek to be re-elected as chair of advertising giant M&C Saatchi. Davis made the announcement as the firm reported a nine per cent year-on-year increase in net revenue of £271m during 2022. M&C Saatchi also revealed it had made its largest ever profit, £31m, during 2022; the 14 per [...]
Avatar’s success gives boost to struggling cinemas but future is still uncertain January 23, 2023 The highly anticipated Avatar sequel has ranked as the sixth-highest grossing movie ever, giving cinemas a much needed boost, although some analysts warn they are not yet in the clear. After six weeks on the big screens, “Avatar: The Way of Water” surpassed a staggering £1.6bn ($2bn) in box office sales on Sunday, Disney estimates. [...]
Spotify’s revenue slow down will lead to 600 job losses, as tech giant becomes the latest to cull staff January 23, 2023 Spotify will be cutting its global workforce by nearly six per cent with around 600 people expected to lose their jobs. The music streaming platform has joined fellow tech giants including Amazon, Google, Meta and Twitter in laying off staff, with tens-of-thousands of workers being laid off in recent weeks. Last November Meta, the owner [...]