The Sun slashes losses as The Times treads water Media The Sun slashed its pre-tax loss as an increase in cover price helped to offset falling newspaper sales, it has been revealed. Separate accounts filed for The Times also show its finances have remained broadly the same during its latest financial year while TalkTV continued to make a huge loss. The two newspaper groups and [...]
Kay Burley: Broadcaster quits Sky News after almost four decades Media Broadcast titan Kay Burley has announced her retirement from Sky News after 36 years at the outlet. The legendary news presenter was part of the original news team which launched in 1989, meaning her career at the broadcaster spanned five decades. Closing her final Sky News breakfast show today, she said : “From a standing [...]
Piers Morgan quits Rupert Murdoch’s News UK to focus on YouTube Media Piers Morgan has quit Rupert Murdoch’s empire to focus on his YouTube channel, ‘Piers Morgan Uncensored’, in a four-year revenue sharing agreement with News UK. The deal will allow News UK to receive a portion of the advertising revenue until 2029, according to Sky News’ Mark Kleinman, reported on Tuesday. His production company, Wake Up [...]
Rightmove still in play after REA walks away, analysts say October 1, 2024 Rightmove may have seen off Murdoch-owned REA’s unsolicited bids for the company, but the saga is likely to set more would-be bidders on the property platform’s tail, analysts have said. Its share price fell about seven per cent at the start of this week on news that Australian property firm REA had walked away from [...]
A ‘disappointed’ REA withdraws Rightmove offer after four rejected bids September 30, 2024 REA has withdrawn its possible offer for Rightmove after four bids were rejected by the property platform. “The potential acquisition of Rightmove was dependent on coming to an agreement at a fair price, which would have required meaningful engagement and a constructive dialogue,” REA said. REA’s chief executive Owen Wilson added that the company was [...]
Rupert Murdoch-backed REA Group set to increase takeover bid for Rightmove September 15, 2024 The Australian real estate giant REA Group owned by Rupert Murdoch is reportedly considering upping its bid for the British property platform Rightmove.
Rightmove formally rejects £5.6bn takeover proposal from Rupert Murdoch-backed REA September 11, 2024 This morning, Rightmove announced that it had formally rejected a £5.6bn takeover bid from Rupert Murdoch-owned property company REA group on 2 September. The property portal confirmed it had received an “unsolicited, non-binding and highly conditional proposal” from REA at 698p, which represented a a premium of 26 per cent to Rightmove’s share price on [...]
Jefferies upgrades Rightmove as REA group eyes £4.4bn takeover bid September 9, 2024 Jefferies analysts have upgraded their guidance for Rightmove as they believe Australian real estate giant REA Group will probably make a formal offer for the British property platform. Last week, Rupert Murdoch’s News Corp-backed REA said it is considering a £4.4bn cash and share offer for Rightmove, sending the latter’s shares up nearly 25 per cent. Rightmove [...]
Rightmove speaking to UBS and Morgan Stanley after REA takeover interest September 3, 2024 Rightmove is reportedly speaking to UBS and Morgan Stanley on its response to the unsolicited takeover bid from Rupert Murdoch’s REA Group, according to Bloomberg. REA announced its intention to explore a possible cash and share offer for the UK’s biggest property portal in a statement yesterday to the Australian Stock Exchange. It has said [...]
Rightmove shares jump by a quarter as News Corp-owned REA eyes £4.4bn swoop September 2, 2024 Australian property giant REA Group, backed by Rupert Murdoch's News Corp, is considering a £4.4bn takeover bid for UK competitor Rightmove.