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...Thompson managed a similar turnaround at his previous job at The New York Times, where he helped transform a legacy newspaper into a digital-first media group....
...The company said Antoni would retire and take a part-time advisory role from January 2025. The group will use the new funds to add scale and make further investments and acquisitions....
...The attack on the CWU came with a demand for a ransom, which the union has refused to pay, according to a person close to the matter....
...A spokesperson for the Department for Culture, Media and Sport said the government would take a “balanced and pragmatic approach” to AI, adding: “Our multi-billion-pound publishing sector is the number one...
...He added: “We will need to do a cost assessment on it as well. Clearly, the BBC holds almost 80 years of audio and video archive as well as a huge text archive online....
...The firm has also agreed to back a £300mn deal to acquire a majority stake in a large property portfolio being sold by British Airways’ New Airways Pension Scheme, and bought a building in Birmingham for...
...for a more digital audience....
...certain and came in at a lower value....
...The company’s board is close to announcing the result of a strategic review, which is looking at a range of options for the future of the group including a wind-down and sale of its assets....
...In the US, TGI Fridays is controlled by TriArtisan Capital Advisors, a US-based private equity firm, which will remain a major shareholder in the combined group....
...At 90p a share, the bid reflects a premium of about a third to the closing price of the stock on Wednesday and is about 4 per cent higher than the net asset value in September, of $1.11 a share....
...Almost a quarter of children in the UK aged between five and seven own a smartphone, with a significant number using social media apps such as TikTok and WhatsApp despite falling under the minimum age limits...
...Thomas Wrathmell, the executive overseeing the shake-up, said the BBC was “disappointed by some of the commentary in the committee’s report and look forward to addressing the issues raised when we provide...
...National World reported a pre-tax profit of £3.1mn last year, a fall from the £5.1mn in the prior period. It had a cash balance of £10.7mn at the year end....
...Gene Simmons, bassist and co-founder of Kiss, said there were various plans in development, including the virtual concert, a biopic and a Kiss-themed “experience”....
...Daniel Thomas is the FT’s global media editor Find out about our latest stories first — follow @FTWeekend on Instagram and X, and subscribe to our podcast Life & Art wherever you listen...
...A group of cross-party MPs have raised concerns that the UK’s failure to create a set of robust rules over how artificial intelligence platforms work with the creative industries was playing into the hands...
...News agencies have a commitment to ensure the accuracy of photos they release. Reuters said it withdrew the “handout” photo following a post-publication review....
...The deal has attracted intense scrutiny from MPs given concerns over any influence on a newspaper by a foreign state, although RedBird IMI has promised measures to ensure editorial independence....
...Investors last year also blocked a deal to sell a $440mn music rights portfolio to a sister fund run and backed by private equity group Blackstone....
...The group has admitted phone hacking to procure stories took place at News of the World — leading to the newspaper’s closure, a public inquiry and a police investigation — but not at the Sun....
...The UK broadcaster flagged a better start to this quarter, however....
...News UK is expected to cut jobs as a result of the move and has started a consultation with staff, according to a person familiar with the situation....
...The Times and The Sunday Times, also part of Murdoch’s UK media empire, recorded a pre-tax profit during the year, although this represented a fall from the £73.2mn of a year earlier to £60.9mn....
...Tensions rose sharply last week when López Obrador suggested that conservatives in Ecuador had used the 2023 assassination of presidential candidate Fernando Villavicencio to swing the election in favour of Daniel...
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