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...Media groups have been left reeling in recent years after the large tech groups they rely on to deliver their news and content have made it more difficult to make money....
...“We see the media industry in Europe suffering from the competition coming from the US,” said Marco Giordani, the chief financial officer of MFE....
...Bridgepoint rejected a bid from Ari Emanuel’s TKO Group for MotoGP despite it being worth €200mn more than what Formula One-owner Liberty Media offered for the motorcycle series....
...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....
...But its financial model, largely dependent on the tech platforms for traffic and referrals, was hit as larger groups such as Meta shifted away from news provision....
...Her comments revived concerns about working conditions at Chinese tech groups....
...Blackstone has taken pole position in the takeover battle for Hipgnosis Songs Fund after rival Concord said it would not match the US private equity group’s $1.6bn offer for the UK-listed music rights owner...
...Disney has struck an $8.5bn deal to merge its India business with Reliance Industries, in a move that will reduce the US entertainment group’s financial exposure to what has been a lossmaking venture in...
...Borgers has expanded rapidly to become auditor to hundreds of small and microcap companies — including the former US president’s Trump Media & Technology Group — but the SEC said that three-quarters of its...
...Before investors give Alstom much more credit, they will want to see evidence that the group can avoid nasty shocks. The gravy train is a way off yet. camilla.palladino@ft.com...
...Frasers Group declined to comment....
...He became $4.6bn richer on Tuesday, at least on paper, when his shares in its parent Trump Media & Technology Group rose sharply as it went public under the stock ticker DJT....
...Trump Media & Technology Group engaged WithumSmith+Brown to check its financial statements shortly after the company was founded in 2021, but by the end of the year the accounting firm had decided it did...
...Shares in the social media group sold off after publication of the results, closing down more than 21 per cent in New York at $48.66....
...The closure of the auditor behind former US President Donald Trump’s social media group threatens to derail a number of companies’ plans to go public and force dozens of listed firms to delay their financial...
...For anyone considering applying for Trump Media & Social Group’s newly-vacant auditing gig, the bar has been set terrifyingly low. EY, this is finally your time to shine....
...Trump Media and Technology Group shares were down more than 20 per cent at midday in New York — falling below its $49.95 price recorded the day before the merged company began to trade last week....
...Borgers has expanded rapidly to become auditor to more than 170 small- and micro-cap companies — including Donald Trump’s social media company Trump Media & Technology Group — despite repeated sanctions...
...In today’s newsletter: Trump Media’s auditor Parisian financial hub Vitol’s bumper profits Some DD on the auditor behind Trump Media Last week Donald Trump’s media company disclosed its annual results...
...Trump Media & Technology Group has hired an affiliate of the accounting firm BDO to be its new auditor, after US regulators shut down its previous accountants....
...Wing-Fai-Ng, group president of lossmaking AGBA who will be chief executive of the combined group, told the Financial Times he had known Diamond for more than a decade and considered him “like family”....
...Shares in social media company Reddit leapt more than 38 per cent on its market debut, a vote of confidence in the market for initial public offerings after two years of subdued activity....
...Managing partner Varun Chandra told the Financial Times in an interview that governments and regulators had become more “interventionist”, fuelling demand for insight into their thinking....
...Such agreements are also proving useful for media groups to hit their financial targets....
...RedBird IMI had agreed to acquire the Spectator as part of a proposed £600mn takeover of the wider Telegraph Media Group last year....
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