Reach results 2023: Revenue falls 5% as print outperforms digital
Prince Harry ruling and falling pension deficit provide grounds for optimism.
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Media Business
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Media Business
GB News losses up 38% to £42.4m giving channel total deficit of £76m since launch
Losses in the latest accounting period were six times greater than revenue.
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Mehdi Hasan says new outlet Zeteo will be ‘all-singing, all-dancing media company’
Hasan said focusing on subscribers, not advertisers, is “better for business”.
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Semafor extends Microsoft sponsorship with global election hub
Editor Ben Smith said the hub could do something that Twitter “used to do well”.
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UK publishers tell Parliament: Stop AI using our content without permission
One executive warned peers AI businesses may “destroy” the news industry.
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As subscriber growth flattens ‘all you can read’ magazine app Readly moves into profit
Readly CEO Philip Lindqvist says there is still “ample” room to grow in UK and Europe.
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Revealed: Which of the top 100 UK and US news websites are blocking AI crawlers
Of 106 sites checked, 45 have no AI crawlers blocked at all.
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Vice Media to lay off ‘several hundred’ staff and stop publishing on website
Staff do not yet know whether the website will remain live.
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