Mirror publisher Reach faced ad ‘blackout’ following Queen’s death despite sales uplift October 11, 2022 Daily Mirror and Daily Express publisher Reach said it faced a temporary advertising “blackout” following the death of Queen Elizabeth II, despite an uplift of newspapers sold. In a trading update, the company posted a 8.1 per cent digital revenue decline in September as a result of the “industry wide reduction” in advertising spend following [...]
YouGov CEO to move to chair role this summer October 11, 2022 Polling firm YouGov has said it will hunt for a new CEO as its current top boss and founder will soon move to the role as chair. The board has unanimously agreed that Stephan Shakespeare should take over the chair position when Roger Parr departs the role. A new CEO will join in August 2023, [...]
Former Liverpool FC CEO says live sports needs to up its game to keep Gen Z’s attention October 11, 2022 Peter Moore knows a thing or two about making sport work as a business. After all, his time as the boss at videogame developer EA Sports coincided with the boom in online sports competition that still continues today. And his time running Liverpool FC saw the club win the Champions League and the Premier League, [...]
Bonhill loses nearly a third of its value after announcing sale plans October 10, 2022 Bonhill Group lost nearly a third of its value this afternoon after the financial publisher confirmed it was mulling a sale. In a trading update, the London-listed company, which produces magazines and events for financial advisors, said it would be conducting a strategic review, which could lead to a sale of the business, or at [...]
John Cleese set to join GB News in a push for ‘free speech’ October 10, 2022 John Cleese is making a return to TV, joining GB News for a regular slot in the coming year. The Monty Python star will have a regular spot on the talk channel in 2023 alongside comedian Andrew Doyle. Speaking on Radio 4’s Today show this morning, Cleese, 82, explained that the GB News team framed the channel as a “free-speech channel” [...]
Film and TV trade body says plunging pound doesn’t guarantee booming sector October 4, 2022 Although the plunging value of the pound could mean big bucks for the UK film and TV sector, the trade association Pact warned that the industry must do more to keep up with this demand. It comes after Adrian Wootton, the chief executive of the British Film Commission (BFC), told the Guardian that demand for [...]
Brokers back Next 15 in final push for M&C Saatchi takeover October 3, 2022 After months of back and forth, Next 15 may just be on the home straight for a deal to takeover M&C Saatchi. It comes after rival contender AdvancedAdvt announced that its offer for the advertising giant had lapsed on Friday. Excluding Vin Murria and her investment vehicle AdvancedAdvt’s 22 per cent stake in the ad [...]
Kim Kardashian hit with £1.12m penalty for crypto social media posts October 3, 2022 Kim Kardashian has been hit with a $1.26m penalty for promoting crypto currency EthereumMax on social media without revealing she had been paid to do so. US federal regulators have charged the reality TV star after she promoted crypto asset security EMAX tokens on Instagram, without revealing that she was paid $250,000 by EthereumMax. Kardashian [...]
Hipgnosis secures new debt deal at it rides ‘increasingly unpredictable’ market October 3, 2022 Music investment titan Hipgnosis Songs Fund has secured a new debt financing deal this morning as the firm rides on a “unpredictable” market. The company confirmed that it had entered into a new Revolving Credit Facility (RCF) with a commitment of $700m, which runs for five years. In simple terms, an RCF gives a company added [...]
BBC slashes nearly 400 jobs as licence fee squeeze continues September 29, 2022 The BBC has slashed nearly 400 jobs from its world service division as the broadcaster feels the increasing pressure of the licence fee freeze. The Beeb said it would be moving towards a “digital-first” strategy for the BBC World Service, cutting 382 posts in the process. “Changing audience needs around the world – with more [...]