Verizon snaps up Blue Jeans amid booming demand for video conferencing Verizon snaps up Blue Jeans amid video conference boom Verizon today said it has entered into an agreement to buy video conferencing firm Blue Jeans as the coronavirus lockdown fuels huge demand for remote working. The US telecoms giant did not disclose the value of the deal but the Wall Street Journal reported a price tag of under $500m (£401m). California-based Blue Jeans provide [...]
Verizon beats profit estimates as it boosts phone subscribers Verizon beats profit estimates as it boosts phone subscribers Verizon has posted better than expected profit for the second quarter thanks to strong growth in phone subscribers. Read more: Buzzfeed and Verizon plan to slash hundreds of jobs in grim day for digital media The US telecoms provider said it added 245,000 phone subscribers over the quarter, compared to 199,000 in the same period [...]
Vodafone dividend cut: What does it mean for investors? It’s been a rough morning for Vodafone, which has slashed its dividend by 40 per cent in a bid to ease rising debts and a hefty loss for the full-year. Investors were braced for bad news after reports of a dividend cut were widely circulated ahead of the company’s announcement today. But despite the initial [...]
Senior executives now biggest target of corporate cyber crime May 8, 2019 Senior executives with access to the most sensitive corporate information are now the biggest targets of corporate cyber crime, a new report has revealed. Research by telecoms giant Verizon showed top bosses are 12 times more likely to be the target of so-called social engineering attacks, which trick users into giving away data or access [...]
Avast shares drop as CEO prepares to step down despite cyber fears pushing profits up March 13, 2019 Cyber security firm Avast saw its shares fall more than five per cent this morning after it announced chief executive Vince Steckler will step down later this year. Read more: Avast sets sail on substantial maiden results The figures Avast’s revenue rose 24 per cent from $652.9m (£498m) to $808.3m. Operating profit doubled from $124.3m [...]
CMA must investigate the online advertising market, government report states February 11, 2019 The online advertising market must face a probe by the competition watchdog amid concerns tech giants are putting the future of quality journalism at risk, a major government report has found. In its findings published today, the Cairncross Review called on the Competition and Markets Authority (CMA) to investigate the online advertising market to ensure [...]
Buzzfeed set to slash half its UK editorial roles in restructuring plan January 28, 2019 Buzzfeed will cut its UK editorial team by almost 50 per cent as part of a cost-cutting strategy amid falling advertising revenues. The online publisher is set to reduce its London-based team from 37 to 20 employees as it looks to reduce its global headcount by 15 per cent. Read more: Buzzfeed and Verizon plan to slash [...]
Conde Nast launches new online magazine Vogue Business for fashion professionals January 28, 2019 Conde Nast International is launching a new business magazine aimed at professionals in the fashion and luxury industries as it looks for new revenue sources amid a tough climate for publishers. Vogue Business will be online-only and will launch as a bi-weekly newsletter, with a view to switching to a paid model in the future. [...]
The Bureau of Investigative Journalism secures £800,000 to fund growth January 25, 2019 The Bureau of Investigative Journalism has secured a new round of fundraising, bucking the trend after a torrid week of job cuts among digital media outlets. The not-for-profit news organisation said it has received £800,000 over two years from global charity Luminate, which was set up by eBay founder Pierre Omidyar. Read more: Buzzfeed and Verizon [...]
Buzzfeed and Verizon plan to slash hundreds of jobs in grim day for digital media January 24, 2019 Online publishers Buzzfeed and Verizon Media have announced plans to cut hundreds of staff members as digital media faces a squeeze on advertising revenues. Buzzfeed said it plans to reduce its global headcount by 15 per cent, believed to amount to roughly 200 members of staff, as it looks to cut costs. Read more: Murdoch eyes [...]