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...Talking to the Financial Times, Jones said: “The mobile phone made everyone a creator — gen AI makes everyone an ad agency — that may not be very good news for traditional legacy agencies with 100,000 employees...
...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....
...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...
...Pulling off a business revival, whether it is pivoting to a new opportunity (generally as a core market fades) or resurrecting a business from a scandal or mishap, is difficult stuff — full of ambitious...
...The body, which looks destined to act as a lightning rod for all sorts of angst about the beautiful game, may keep some riff-raff out of management or stop rogue owners changing a team’s colours....
...WBD’s Max will be available across the Nordics, Iberia and central and eastern Europe in May. The service will then launch in Poland, the Netherlands, France and Belgium....
...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....
...Good hair and a lofty valuation: a rare stumble poses the question, is L’Oréal worth it? Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...Here are a few pieces you may have missed over the past few days....
...“No, I’m actually a very bad student,” he says, adding an expression meaning “just kidding” that he says so often it approaches a verbal tic....
...Thomas Jordan informed the SNB he would step down at the end of September. “The Bank Council and the Governing Board greatly regret Thomas Jordan’s decision,” the central bank said in a statement....
...Cobalt, like other battery metals, is in a bear market, thanks to supply growth. That is an opportunity for the automotive sector. Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...Silver Lake’s money helps Viavi do a deal that looks a good strategic fit. The private equity group, meanwhile, gets a downside-protected route into a company’s share capital....
...Ofcom said there was “evidence of the UAE government’s approach to freedom of expression which, given its close ties with IMI, may indicate IMI’s propensity to exercise influence to curtail freedom of expression...
...But many deals will raise the overall leverage and interest burden, putting debt into the hands of investors that they may soon regret owning. Read more about this here....
...The number of staff increased to 295 in May 2023, from 175 in May 2022. The group also pays high wages to several current and former Conservative politicians, such as Sir Jacob Rees-Mogg....
...In a memo to staff this week entitled “The Greatest Story Ever Told”, GB News executive Mick Booker compared the channel to a modern day TV Noah’s ark or a biblical David that, to some, was “the saviour...
...Davie will also emphasise the role the BBC can play to help ensure the UK will continue to have a healthy democracy and a strong creative economy, which he will say are under pressure....
...Thomas Woldbye says Heathrow shares just one feature with the Copenhagen airport he ran for 12 years. “What’s different to Copenhagen?...
...How to democratise the UK stock market, one research note at a time Jeff Bezos is selling. Should you? Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...“Thomas Jordan has been a defining influence on the SNB and its monetary policy for over a quarter of a century,” said Barbara Janom Steiner, president of the bank’s supervisory council....
...Let us know at lexfeedback@ft.com or helen.thomas@ft.com. 1) This will be a big year for Big Tech, and the regulators that are seeking to control its power....
...Now, they may even be starting to do the opposite....
...Ofcom considered that International Media Investments, a majority partner in the takeover vehicle’s owner, “may have the incentive to influence TMG in a way that could potentially act against the public...
...Thomas Hale So a Hong Kong court has ruled that Evergrande, or at least its holding company in Hong Kong, should be liquidated....
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