The New York Times banks 180k new subscribers thanks to bundle approach November 2, 2022 The New York Times ups its full year forecast as the print and digital bundling strategy appears to be paying off. The media group added 180,000 online subscribers in the three months to September, bolstering third quarter estimates. The publication has been bringing together its traditional print and digital offerings, with its newly acquired sports site [...]
Sunak’s Cop-27 attendance is a facile row that sums up too much of our politics November 2, 2022 Little could more perfectly sum up the facile nature of our energy and climate debate – and indeed often our politics – than the confected row about whether or not Rishi Sunak attends Cop-27 in Egypt this month. Does anyone, honestly, believe that the Prime Minister’s attendance is going to make one iota of difference [...]
Revenue dips for Virgin Media O2 as it eyes digital expansion and growth November 2, 2022 Virgin Media O2 posted a slight revenue dip in the third quarter, as the telecom giant rides out “an increasingly challenging macroeconomic backdrop”. Adjusted revenue was down 0.6 per cent to £2.59bn, with results dragged down by a 3.7 per cent decline in handset revenue. Total mobile revenues increased by 2.1 per cent to £1.5bn, [...]
BBC’s local radio cuts slammed as ‘unwarranted’ and ‘misguided’ November 1, 2022 Leading journalist trade body has slammed the BBC’s ambitions to invest more into its local digital news. Chief exec of The News Media Association Owen Meredith criticised the broadcaster’s plans to cut back its late-night local radio, which will see 139 audio roles axed. All local shows after 10pm are set to be replaced with [...]
Another player in the market? Viaplay launches its own UK sports and film streaming service November 1, 2022 Nordic producer Viaplay has launched its own streaming service in the UK today, piling in on the crowded video on demand market. The direct-to-consumer packages are priced between £3.99 and £14.99 a month, with content focusing on Nordic storytelling. There are more than 1,000 hours of Viaplay original content, as well as curated third-party series and films. [...]
US judge blocks Penguin Random House and Simon & Schuster’s £1.9bn merger November 1, 2022 A US judge has blocked Penguin Random House’s planned $2.18bn (£1.89bn) purchase of Simon & Schuster, after finding the move would hurt competition for anticipated best sellers. Judge Florence Pan of the US district court for the District of Columbia said that the combination of Bertelsmann owned Penguin and Paramount Global owned Simon & Schuster would “substantially” [...]
All eyes in Brazil nervously shift to Bolsonaro as president keeps eerily quiet after Lula victory November 1, 2022 More than a day after Brazil’s President Jair Bolsonaro lost his bid for re-election of South America’s largest country, the right-wing leader has neither conceded defeat nor challenged the results of the country’s closest political contest in more than three decades. Bolsonaro had not spoken a word to reporters camped outside the official residence or [...]
Libor trader Tom Hayes: I’ll keep fighting to clear my name in UK after US throws out charges October 31, 2022 The former banker who spent five years inside for ‘rigging’ Libor rates has told City A.M. he feels he owes it to other convicted traders to keep fighting to clear his name. Tom Hayes, who worked at UBS, was one of a number of traders sentenced for a cumulative total of almost 50 years for [...]
Is Elon Musk a free speech champion or a bombastic fool? Perhaps, he’s both October 31, 2022 Finally, it has happened. In a story with more drama and grandstanding than Wagner’s Ring Cycle, Elon Musk has bought Twitter for $44bn. The man himself announced the success of his deal in a tweet – of course. He has also dubbed himself “Chief Twit”, with which some may agree for the wrong reasons. There [...]
Doge price up more than 50% and SHIBA INU 25% on back of Elon Musk’s Twitter acquisition October 29, 2022 The price of Dogecoin has jumped 30 per cent in the 24 hours since Elon Musk bought social media platform Twitter.