63 years since launch, iconic music magazine NME is to ditch its £2.50 cover price and be given away for free as the brand undergoes what publisher Time Inc. UK is describing as a “major transformation”.

Public service broadcasters must respond to changes in technology and viewer behaviour, Ofcom has said in it’s latest review of public service TV broadcasting.

“A simpler, leaner, BBC is the right thing to do and it can also help us meet the financial challenges we face,” director general Tony Hall said in an all-staff email.

The Independent has reduced its print and digital trading loss to £4.6 million for the financial year 2013/14 – a dramatic improvement on the £22.6 million loss recorded in 2010/11.

The London Evening Standard has reported a trading profit of £1.4 million for the year ending September 2014, with standard.co.uk’s audience up 77% year on year.

The new 10-year deal will also see AOL manage and sell Microsoft’s display advertising inventory across MSN, Outlook.com, Xbox, Skype and ads in apps in nine countries.

The report, conducted by YouGov, found that men are currently more than twice as likely to block ads than women, with ad blocking most prevalent among 18-24 and 25-34 year olds.

The BBC Trust has approved plans to axe BBC Three as a television channel and move it wholly online as the Corporation looks to save £100 million a year.

Mediaocean has sold a majority stake to Vista Equity Partners as the company looks to “accelerate global growth and further drive product innovation.”

Discovery’s Eurosport will become the new home of the Summer and Winter Games between 2018 and 2024, following a deal worth £920 million.