A bloated BBC could hamper a recovery in media May 28, 2009 THERE was a rare spot of good news for the media industry this week. Firstly, Goldman Sachs turned positive on the industry, upping its target price for Daily Mail and General Trust to 346p and for Trinity Mirror to 88p. It also added ITV to its conviction buy list, a move which Bank of America [...]
A bloated BBC could hamper a recovery in media May 28, 2009 THERE was a rare spot of good news for the media industry this week. Firstly, Goldman Sachs turned positive on the industry, upping its target price for Daily Mail and General Trust to 346p and for Trinity Mirror to 88p. It also added ITV to its conviction buy list, a move which Bank of America [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 28, 2009 FINANCIAL TIMES TERRA FIRMA INJECTS MORE CASH INTO EMITerra Firma has been forced to inject more cash into EMI for the second time in six months, after the debt-laden UK music group behind the Beastie Boys and Depeche Mode missed targets imposed in its banking covenants. Guy Hands’ private equity group injected £28m into EMI [...]
AN ABUNDANCE OF GLITTER FOR THE ASIAN WOMEN OF ACHIEVEMENT May 21, 2009 LONDON’s most successful Asian ladies were out in force on Wednesday night for perhaps the sparkliest evening of the year, the Asian Women of Achievement Awards, in association with Lloyds TSB. The star-studded guest list included Prince Charles and Camilla, Duchess of Cornwall, as well as BBC Dragon James Caan, MP Tessa Jowell, Lib Dem [...]
AN ABUNDANCE OF GLITTER FOR THE ASIAN WOMEN OF ACHIEVEMENT May 21, 2009 LONDON’s most successful Asian ladies were out in force on Wednesday night for perhaps the sparkliest evening of the year, the Asian Women of Achievement Awards, in association with Lloyds TSB. The star-studded guest list included Prince Charles and Camilla, Duchess of Cornwall, as well as BBC Dragon James Caan, MP Tessa Jowell, Lib Dem [...]
Charging for online news will not save the media May 21, 2009 RUPERT Murdoch is a demigod in the media industry. Everything he says is treated as sacrosanct. That’s why his public ruminations on the free online newspaper, which he dubbed a “malfunctioning business” model, has whipped the media into a frenzy, and caused countless commentators and analysts to predict a new dawn, where consumers pay subscriptions [...]
Google hints at Twitter tie-up May 20, 2009 Google co-founder Larry Page has admitted the search engine needs to learn from social networking site Twitter, while chief executive Eric Schmidt hinted that a strategic partnership between the two was under discussion. Speaking at the annual Google Zeitgeist conference, Schmidt said that Google could work with Twitter without having to buy it and hinted [...]
Fed’s pessimism is a blow to US shares May 20, 2009 US stocks fell yesterday, led by financials in a late-stage sell-off, after the Federal Reserve gave a more pessimistic view on the economy, tempering hopes for a quick recovery. The Fed cut its 2009 forecast for gross domestic product and raised its outlook for unemployment, tempering the recent optimism that the economy might be turning [...]
Rising profits on the menu for Compass May 13, 2009 COMPASS Group, the world’s largest catering group, yesterday posted a 40 per cent jump in first half profit, driven by new high-profile contract wins and the positive impact of currency movements. Group revenue grew 23.9 per cent to £6.9bn over the six months to March, while operating profit soared 40.7 per cent to £453m. Compass [...]
From Putin to Pitt: a fascinating glimpse into the mind of America September 4, 2008 Vanity Fair’s power list says a lot about the country that produced it, says Jeremy Hazlehurst You will, no doubt, remember that famous New Yorker magazine cover from the 70s that showed The World From Ninth Avenue. It shows Ninth Avenue in the foreground, 10th Avenue behind it, then the Hudson River. Behind this, in [...]