LadBible founder rakes in over £40m as shares rise Media The chief executive and co-founder of LadBible has raked in more than £40m through his investment vehicle which is a major shareholder in the online publisher. Alexander “Solly” Solomou set up the Manchester-based company in 2012 alongside Arian Kalantari. The group floated on the London Stock Exchange’s AIM at the end of 2021 while its [...]
Bloomsbury: Profit falls at Harry Potter publisher despite sales rise Business Profit at Bloomsbury Publishing, the giant most known for the Harry Potter series, was cut by almost a fifth during its latest financial year despite revenue rising. The London-listed company has reported a pre-tax profit of £32.5m for the year to 28 February 2025, down from the £41.5m it achieved in the prior 12 months. [...]
Condé Nast: Profit slashed at Vogue and GQ owner Media 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 [...]
Reach: Print revenue falls at Mirror and Express publisher October 15, 2024 The Daily Mirror and Daily Express publisher has said it is confident it can deliver on full year forecasts, despite falling print revenue. In a trading update for its third quarter, Reach said group revenue fell 2.5 per cent year on year, and was down 4.3 per cent overall in the nine months to September. [...]
Future: Marie Claire publisher on track for full year forecasts September 26, 2024 British publisher Future has said it expects full year performance to be in line with market expectations as it returned to organic revenue growth during the second half of the year. In a pre-close trading update for the year to 30 September, the company said it is making “good progress” with its growth acceleration strategy, [...]
Why Google faces millions in fines from global regulators September 24, 2024 Google is up against the growing wrath of regulators worldwide, as it faces the possibility of millions in fines for alleged anti-competitive practices. According to Bloomberg, the EU is preparing to investigate Google’s conduct in the digital marketplace, including whether it preferences its own services, such as Google Flights and Google Hotels, in search results. [...]