Citing a “challenging outlook” the publisher wrote down the value of its 200-plus regional titles by £150m.
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In this week’s Media and Marketing podcast, host John Reynolds is joined by former Aegis CEO Peter Scott to discuss his new role at Be Heard Group and company private jets. Plus: ITV and TV trading spats.
TI Media, formerly Time Inc., has announced the closure of Soaplife magazine, adding to the string of magazines already closed by the consumer magazine publisher this year.
ITV’s managing director of online, Paul Kanareck, is to leave the company after seven years as part of the broadcaster’s strategy overhaul.
After months of scandals and scrutiny, Facebook’s year just got worse: the social media giant has reported its first drop in European daily active users since 2009.
EBX, the new digital ad sales partnership between four major European broadcasters, has hired Clear Channel’s Damon Westbury as commercial director.
The broadcaster beat expectations for 4%, with pre-tax profit growing to £864m from £803m for the year end to June.
Keith Weed, chief marketing and communications officer at consumer goods behemoth Unilever, will be taking over as the new president of the Advertising Association later this year.
ITV has seen a strong performance in the first six months of the year, as World Cup coverage and Love Island has seen viewership numbers skyrocket and total ad revenue grow 2%.