21st Century Fox £12bn takeover of Sky has been referred to regulators Ofcom and the CMA by culture secretary Karen Bradley March 16, 2017 The bid by Rupert Murdoch's 21st Century Fox to take over Sky has been referred to regulators by the culture secretary. Karen Bradley confirmed her decision this morning after already announcing she was “minded” to do so. Broadcast regulator Ofcom will examine “public interest considerations” and the Competition and Markets Authority (CMA) “jurisdiction issues”. Read more: Sky takeover [...]
Channel 4 chief executive David Abraham is standing down after seven years at the broadcaster March 14, 2017 Channel 4 chief executive David Abraham is stepping down from the broadcaster after seven years in the job. The publicly owned, privately funded channel accidentally broke the news on Twitter this afternoon before a formal announcement was made. Channel 4 press tweets, then quickly deletes, this press release in a tweet suggesting that their CEO David [...]
WPP chief executive Martin Sorrell urges advertisers to show faith in newspapers as spending drifts to Google and Facebook March 14, 2017 Advertising grandee Sir Martin Sorrell has urged his industry to show faith in newspapers as more and more money drifts towards online giants. Sorrell, the founder and chief executive of WPP, said that at a time when Google, Facebook and Twitter stand accused of “giving a platform to hatred and fake news” there ought to [...]
British book worms are spending more on reading this year, sending sales up £100m March 13, 2017 Britons are reading more than last year and increased spending by six per cent on books by as much as £100m more compared to 2016, according to research from Nielsen Book Research UK. Printed book sales were up seven per cent, driven by greater reading amongst younger generations, despite commonly held assumptions that young people [...]
It’s not rocket science! How code written for a manned mission to Mars ended up selling advertising March 13, 2017 It's a question we’ve all faced: what to do when you’ve written machine learning code to help Nasa determine the optimal configuration of components for a manned mission to Mars? Use it to sell advertising, obviously. Such is the story of DataXu, one of the pioneers of Real Time Bidding. Founded way back in 2007, [...]
Ticket touts threatened with unlimited fines March 11, 2017 Ticket touts who bulk buy music concert tickets and them re-sell them online will be hit with unlimited fines under new government plans. The department for culture, media and sport (DCMS) is making it illegal for touts to hack ticket-buying websites to buy more than the maximum amount of concert tickets normally available to consumers. [...]
Editor’s notes: Hammond falls down the cracks between politics and policy, the bigger threats to the media than Rupert Murdoch and why the UK needs a new army of trade negotiators March 10, 2017 There are plenty of people willing to defend the chancellor’s controversial raid on the self-employed, not least the chancellor himself who was out and about yesterday claiming that the government faced “some new challenges” and that it has “to pay for these things somehow”. As opposition to the move grows on his own backbenches, he [...]
Hit Makers by Derek Thompson: Read this book if you want to learn how to write March 9, 2017 I have a confession to make: I don’t like reading books about consumer culture. I often find the subject slight, the writing bland and the overall effort insubstantial. But I read Hit Makers by Derek Thompson. Thompson, a senior editor at The Atlantic, is a distinct voice in liberal American journalism, and Hit Makers, his [...]
“Microinfluencers” could hold the key for marketers when trust in media is thin March 9, 2017 Trust is the currency of the Internet. At a time when trust in media is thin on the ground there is one group of publishers who are followed by many for their authenticity. No wonder brands are now interested in “microinfluencers”. Early each year, communications agency Edelman issues its “Trust Barometer”. It measures public [...]
WPP chief executive Sir Martin Sorrell’s share scheme pay falls more than 30 per cent (to £42m) March 9, 2017 Sir Martin Sorrell, the FTSE 100’s best-paid chief executive, raked in £42m from WPP’s long-term incentive scheme last year, it emerged today. The £41.56m is a reduction on £63m Sorrell made from the LEAP share scheme last year, meaning his overall package for the year is likely to reduce from 2015’s £70m to around £50m. [...]