Future: Investment plan looks set to pay off at publisher December 5, 2024 The Growth Acceleration Strategy is a two-year investment programme worth £25-30m, which was launched in December 2023.
Condé Nast: Profit slashed at Vogue and GQ owner November 28, 2024 Profit at the UK arm of Condé Nast, the publishing giant behind the likes of Vogue and GQ, has been slashed as it battles a rise in costs. The company, whose publications also include Vanity Fair, Architectural Digest, Wired and Condé Nast Traveller, has reported a pre-tax profit of £8.3m for 2023, according to newly-filed [...]
National World: Shares in Yorkshire Post and The Scotsman owner surge after £56m takeover offer November 22, 2024 Shares in National World, the media group whose titles include Yorkshire Post and The Scotsman, have surged to their highest level in more than a year after a takeover offer with over £56m was revealed. Irish media group Media Concierge, which is London-listed National World’s largest shareholder with a 26 per cent stake, has tabled [...]
Beware of the big promises of AI – we’ve been here before November 18, 2024 AI hype is everywhere, but we've been here before. Ian Whittaker prescribes a healthy dose of scepticism in today's Notebook.
ITV: Shares drop after revenue plunges at production arm November 7, 2024 A drop in revenue at ITV studios due to the ongoing effect of the US writers’ strike has pulled profit down, with cost savings and an increase in advertising revenue failing to offset the fall. The company’s share price fell nearly eight per cent in early trades. Group revenue in the first nine months of [...]
As America votes, can US democracy survive without a WaPo endorsement? November 5, 2024 The US election has given rise to a huge number of divisive, potent and important debates. For many people, regardless of whether they even have a vote in this race, the contest has raised questions about the viability of American democracy itself. Those questions are likely to linger long after the close of polls and, [...]
Financial Times battles misinformation and rising costs as readership drops October 10, 2024 The number of people picking up a physical copy of the Financial Times has dropped amid the title battling rising costs – including hiring more journalists. The broadsheet said its operating profit fell by £4.56m year on year, from £13.41m to £8.95m, in newly-filed accounts with Companies House. The dip was “in part the result [...]
The Debate: Are there too many podcasts? October 3, 2024 Is it time to take the airpods off and talk to people in real life?
Business leaders must seize the opportunities of the new media age October 2, 2024 Understanding the new media age is a must for bosses, argues Grayling CEO Heather Blundell Almost 30-years ago, in 1996, Bill Gates wrote his seminal essay, “Content is King,” examining the paramount importance of content in the digital era. The future he envisioned – a print press evolving into electronic online editions with deeper and [...]
M&C Saatchi: ‘Significant improvement’ in profitability as problems ease September 18, 2024 Ad agency M&C Saatchi said that cost-saving measures had contributed to a much-improved performance in the first half of the year, adding that it was “excited” about the future. The company told markets this morning that revenue grew by six per cent in the six months to 30 June, with 12.9 per cent growth in [...]