The Guardian slashes losses amid record sales following The Observer deal May 27, 2025 The Guardian has slashed its losses and achieved a record revenue in the year the media group sold The Observer. The title achieved a revenue of around £275m, according to unaudited figures for the year to 31 March 2025, up from the £257.8m it posted for its prior financial year. The Guardian’s losses, which it [...]
The Sun slashes losses as The Times treads water March 31, 2025 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 [...]
DC Thomson: Stylist and The Beano publisher recovers from £161m loss January 6, 2025 DC Thomson, the publishing group behind the likes of Stylist, Press & Journal and The Beano, has surged back into profit and recovered from a £161m loss. The Dundee-headquartered business has jumped to a pre-tax profit of £93.8m for the year to 31 March, 2024, according to newly-filed accounts with Companies House. The results also [...]
Global: Huge losses continue for LBC, Heart and Capital owner January 2, 2025 Global, the media giant which owns commercial radio stations such as Capital, Heart and LBC, has now lost almost £700m since it last reported a pre-tax profit. The London-headquartered empire, which also includes Smooth, Radio X and Classic FM, fell to a pre-tax loss of £120.3m in the year to 31 March, 2024, newly-filed accounts [...]
Channel 5 loses £160m ahead of major rebrand amid audience growth December 9, 2024 Channel 5 has insisted its operating model remains stable despite losing almost £160m during 2023, it has been revealed. The channel, which is set to rebrand simply as 5 in April 2025, has slumped to the loss as a result of the value of its investment in Viacom Interactive – a subsidiary of parent company [...]
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 [...]
All3Media: The Traitors maker still in the red before £1.15bn RedBird IMI takeover September 6, 2024 Turnover dropped below the £1bn mark at TV and film production powerhouse All3Media, which is behind the likes of The Traitors, in the year before it was acquired by RedBird IMI, the investment fund helmed by US media titan Jeff Zucker. The London-headquartered company was snapped up from Warner Bros Discovery and Liberty Global in [...]
PwC: UK media market set to overtake Germany as largest in Europe August 14, 2024 The UK is on track to dethrone Germany as Europe’s largest entertainment and media market next year, driven by a surge in internet advertising and a resurgence in cinema and live music, according to new PwC data. Despite a sluggish recovery from a flat 2023, the UK’s entertainment and media sector is forecast to exceed [...]
After Talk TV’s retreat, what does the future hold for UK broadcast news? May 4, 2024 Rupert Murdoch's Talk TV has migrated to an online only existence. What does the move say about the future of UK TV news?