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Steve Ballmer, Microsoft CEO, has said that all content will be digital within 10 years.Speaking at the Cannes Lions Festival, Ballmer said that traditional media such as print have been slow to adapt to the modern world.“There won’t be newspapers, magazines and TV programs. There won’t be personal, social communications offline and separate. In 10… Continue reading Microsoft CEO: All content to be digital within 10 years

Over half of ITV’s bondholders have accepted a bond exchange offer to help reduce the commercial broadcaster’s £730 million debt.The offer will see ITV bondholders exchange their original bonds for a mixture of cash and new bonds, which will mature at a later date, according to reports.ITV confirmed that bondholders with 54% stake of the… Continue reading ITV bondholders accept exchange offer

Tim Brooks, managing director of Guardian News & Media, has been confirmed as a panellist at MediaTel Group’s ‘Future of National Newspapers’ seminar on 16 July.Tickets for the event are available for just £99 for those who book by 6 July. To get your ticket, just enter this discount code: EARLY-8ZUR5 at the MediaTel Group… Continue reading GNM MD confirmed as panellist at ‘Future of National Newspapers’ seminar

Five has launched a website dedicated to television soap operas called Holy Soap, featuring news and gossip about its own and other channel’s soaps.The site is the new official online home of Five’s Australian soaps Neighbours and Home & Away, replacing the two programmes’ previous stand alone sites.It will also contain comprehensive news and gossip… Continue reading Five launches soap website

BBC One’s new two-part documentary Famous, Rich and Homeless picked up the highest ratings during the important 9pm and 10pm slot last night with over 5.3 million peak viewers.More than 4.7 million average viewers tuned in to see editor-in-chief of the Big Issue John Bird and a group of celebrities, including Annabel Croft and Rosie… Continue reading Overnights: BBC One’s new documentary steals the limelight

Guardian.co.uk was the most popular website of the audited national daily newspapers in May 2009, with Telegraph.co.uk enjoying a boost in unique users, according to the latest ABCe data.The Guardian saw its unique user figure fall slightly month on month although it was up by around 9 million year on year, to 27.2 million. In… Continue reading ABCe May 2009: Guardian stays on top

Pink Paper is to cease publishing its fortnightly print edition and become an online-only free title.The gay and lesbian title, which originally launched in 1987 and relaunched in 2005 under Millivres Prowler, will be suspended from the end of the month.However, the plans are not expected to result in any redundancies at the publisher.MPG said… Continue reading Pink Paper cancels print edition

Independent News & Media has managed to bide more time to restructure its £170 million bond after agreeing an extension to its ‘standstill’ credit agreement.The extension to the deal, which was due to expire tomorrow, was agreed after bondholders rejected the latest offer from the publishing group, according to reports.INM’s bondholders refused the company’s proposed… Continue reading Independent owner extends credit deal

Bauer Media is set to cut eight full-time staff members at Kerrang Radio and slash freelance presenters from the station’s 43-strong workforce.Bauer is expected to buy out staff contracts or simply not renew them when they end, according to reports.A Kerrang spokesperson said the company has to run a “commercially viable station” that allows it… Continue reading Bauer cuts eight jobs at Kerrang Radio

The average US adult has nearly doubled their daily use of the internet as the average US adult spent 2.1 hours per day online in 2006, compared to 3.8 hours in 2008, according to a recent report by The Media Audit. The internet now represents 32.5% of the typical “media day” for all US adults… Continue reading Average US adult doubles daily internet use