Joe Media loss deepens as parent company starts layoffs February 9, 2020 Digital publisher Joe Media has posted a widening loss in its latest full-year accounts, weeks after its parent company announced job cuts in a bid to turn around its ailing finances. The news site, which also runs the popular House of Rugby podcast, reported a loss of £1.7m in 2018, compared to a £1.6m loss [...]
Premier League plots launch of Netflix-style streaming service February 9, 2020 The Premier League is plotting the launch of a Netflix-style streaming platform in a bid to boost revenue from TV rights in overseas markets. Richard Masters, the Premier League’s new chief executive, has confirmed that plans to set up a direct to consumer offering are already underway. The service, which would allow viewers in some [...]
Campaign against Huawei is a ‘witch hunt’, says Chinese ambassador February 9, 2020 Top Tory politicians trying to reverse the decision to allow tech giant Huawei to help build Britain’s 5G networks are carrying out a “witch hunt”, China’s ambassador to the UK has said. Senior Conservatives, including four former Cabinet ministers, have written to Tory MPs urging them to reconsider the government’s decision on Huawei, instead calling [...]
WH Smith calls on landlords to overhaul rent payment February 9, 2020 WH Smith is said to be urging its landlords to push back rent payment deadlines as the retailer looks to cash in on high street troubles. The stationery chain is set to push landlords to switch from receiving payment in advance to receiving it in arrears, the Sunday Times reported. The move, which would come [...]
William Hill ‘nears media deal’ with CBS Sports amid US expansion plan February 9, 2020 Betting giant William Hill is said to be close to signing a media deal with a US partner as it looks to tap into the American market. The bookmaker has struck up talks with media firm CBS Sports and is in the final stage of negotiations, the Sunday Times reported, adding that an announcement was [...]
UK artists pull in record £87m in overseas music royalties February 7, 2020 British artists pulled in a record-breaking £86.7m in overseas royalties last year as the UK boosted its status as a global music powerhouse. The figure hit a record high in 2019 and is up 22 per cent on the total reached in 2018, according to new figures from licensing body PPL. The surge was driven [...]
New York Times shares hit record high as it adds 1m digital subscribers February 6, 2020 Shares in the New York Times jumped to a 15-year high today after the company said it gained more than 1m digital subscribers in 2019. The newspaper group posted operating profit of $78m (£60m) in the fourth quarter, up from $74.7m in the same period last year. Revenue also ticked up 1.1 per cent over [...]
Huawei sues Verizon over patent theft claims February 6, 2020 Huawei has announced it is launching legal action against telecoms giant Verizon, signalling the latest salvo in an ongoing dispute between the US and China. In a lawsuit filed in Texas, the Shenzhen-based tech giant accused Verizon of using its technology in areas such as computer networking, download security and video communications. Huawei is also [...]
UK confirms third coronavirus patient February 6, 2020 A third person in the UK has tested positive for coronavirus, the Department of Health has confirmed. The patient, who did not acquire the virus in the UK, has been transferred to a specialist NHS centre. “We are using robust infection control measures to prevent any possible further spread of the virus,” said chief medical [...]
Twitter shares rise as revenue beats $1bn for the first time February 6, 2020 Shares in Twitter rose as much as eight per cent in pre-market trading today after the social media firm missed profit estimates but beat $1bn in quarterly revenue for the first time. Twitter reported net income of $119m (£91m), down from $255m on the same quarter last year and behind expectations. However, the social media [...]
