News of the World closure ten years on: How hacking scandal cost Murdoch’s UK tabloid business £1bn
The phone-hacking scandal and subsequent legal issues have cost Rupert Murdoch’s UK publishing business more than £1bn ($1.4bn), an investigation…
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Evening Standard posts £17m loss but says digital transformation ‘already showing positive results’
The Evening Standard has reported a £17m loss after Covid-19 more than halved its revenues between April and September last…
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Richard Desmond leaves UK media market after 47 years with sale of Reach shares
Richard Desmond, the former Daily Express, Channel 5 and porn mogul, has sold his shares in Reach, meaning he has…
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Quintopoly? Five tech companies now earn 46% of global ad revenues as news media left behind
Five tech companies today account for nearly half of the world’s advertising revenue, a report has found. Google, Facebook, Alibaba,…
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Buzzfeed tells investors it expects to become a $1bn-revenue business in three years as it prepares to go public
Buzzfeed expects to become a $1bn-revenue business within three years, newly-published investor documents show. The projection was made as the…
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The Economist grows subscribers by 9% to 1.1m in 2020/21 and pays back furlough cash
The Economist says it has reached 1,122,000 subscribers following record growth of 9% in the year to the end of…
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Exclusive ranking: The top 25 most popular US/Canada magazines on Apple News+
US celebrity magazine People is the most-read magazine brand on Apple News+, figures obtained by Press Gazette show. In the…
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Midland News Association Covid-19 impact: Turnover down a third, 66 jobs cut, £1.4m furlough cash claimed
Turnover at regional publisher Midland News Association fell by almost a third in 2020 because of the Covid-19 crisis. The…
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