Disney signs deal to move digital ad business to Google November 28, 2018 Disney has agreed to transfer its global digital advertising business to Google in a lucrative deal for the tech giant. The deal will see Disney move its entire digital video and display business for brands such as Pixar, Marvel and Star Wars to Google's Ad Manager platform. The agreement builds on an existing relationship between the two [...]
European Commission gives green light for T-Mobile Netherlands merger November 28, 2018 The European Commission today unconditionally approved a merger between T-Mobile Netherlands and Tele2 NL. The new company will have annual revenues of more than €2bn (£1.8bn) and will serve roughly 4.3m mobile customers. T-Mobile Netherlands, a subsidiary of Deutsche Telekom, will buy Tele2’s Dutch operations, reducing the number of operators in the country from four [...]
Ofcom boss calls on British broadcasters to create Netflix rival November 28, 2018 Public service broadcasters should work together to create a ‘Brit Player’ to rival Netflix, the head of Ofcom said today. Sharon White told the Outside the Box conference in London that broadcasters should pull together their on-demand services to create a platform offering popular British shows such as Broadchurch, Blue Planet and Bake Off in one [...]
Former Nissan chairman Carlos Ghosn denies burdening company with personal losses November 28, 2018 Former Nissan chairman Carlos Ghosn has denied passing personal trading losses to the car manufacturer, according to his lawyer. Japanese media reported yesterday that the ousted chairman may have transferred losses of ¥1.7bn (£11.7m) from a derivatives contract to the company in 2008. While Ghosn has acknowledged he consulted Nissan about the contract, he denies [...]
Small businesses face ‘wild west’ from big three mobile providers, report warns November 28, 2018 Small and medium-sized businesses in the UK are overpaying for mobile bills by £1bn due to a lack of competition in the market, a report has warned. Research by price comparison website Billmonitor estimates 49 per cent of UK businesses are paying more than twice what they should be for mobile services from EE, Vodafone [...]
Conde Nast chief executive Bob Sauerberg steps down amid restructuring November 27, 2018 Conde Nast chief executive Bob Sauerberg is stepping down as the publisher merges its US and international operations. Sauerberg, who has been at the media organisation for 18 years, will step down to pursue other opportunities, the company confirmed today. The news was first announced in an internal email from Conde Nast chairman and chief executive Jonathan Newhouse viewed [...]
The Economist chief executive Chris Stibbs steps down after flurry of senior departures November 27, 2018 The Economist’s chief executive is stepping down after more than five years in the job, the company confirmed today, following a number of senior departures this year. Chris Stibbs was appointed chief executive of the weekly news magazine in 2013 and has held leadership positions in the company since 2005. A spokesperson for the Economist [...]
Sterling dips as Trump and Fallon launch attacks on Theresa May’s Brexit deal November 27, 2018 Sterling suffered another fall today amid increased doubt over whether the Prime Minister’s Brexit bill will pass through parliament. Theresa May announced yesterday that the Commons vote on her deal will take place on Tuesday 11 December. But division among MPs has taken its toll on the markets, which remain wary of a no-deal Brexit. [...]
Volkswagen slashes 90 per cent of ad agencies to drive down costs November 27, 2018 Volkswagen is cutting the number of advertising agencies it works with by more than 90 per cent in a bid to improve marketing efficiency. The German car manufacturer has said it will reduce its pool of 40 agencies to just three, while keeping its marketing budget stable at roughly €1.5bn (£1.3bn). Omnicon will be responsible [...]
Surf’s up: London is getting a £40m surfing venue November 27, 2018 London may become the first capital city in the world to boast an inland surfing venue, thanks to a project announced today by Lee Valley Regional Park Authority (LVRPA). LVRA and inland surfing company The Wave have unveiled plans for a £40m surfing destination called The Wave London next to the Lee Valley Athletics Centre in [...]