We get the morning underway with scrutiny of AT&T’s proposed $85bn Time Warner merger following concerns raised by US regulators. We also look at why the Green Party saw red over a recent Sun front cover and dismissal of a planned new Max Mosley-backed press regulator by publishers.
A sign of shrinking confidence in the long-term prospects of the U.K. Retail sector comes courtesy of Retail Week in the form of a new analysis of bricks and mortar stores which found the lowest number of new store openings I five years over the first half of 2016, whilst 15 units closed each and every day.
Better news comes courtesy of Campaign which states that UK adspend is expected to beat forecasts for 2016 after growth in the first half was revised upwards to 5.2% - although it cautioned that the full impact of Brexit is likely to be felt in next year’s figures.
Ad Exchanger reports that Axel Springer owned Business Insider is due to give birth to an all new market data platform called Marketsinsider.com. Built using data gleaned from Axel Springer’s Finanzen.net the mobile-first site will connect to 100 exchanges globally.
An Adweek exclusive details a tie-up between rapper YG and music streaming service Pandora to target a Call of Duty playlist to millennial men as publisher Activision goes out all guns blazing to promote the latest ‘Infinite Warfare’ release in the series.
Netflix has attributed a chunk of its success on the BBC for its pioneering work on the iPlayer on-demand video service, which chief content officer Ted Sarandos described as ‘one of the great innovations in television around the world’ but warned that its crown may now be slipping in the face of increased competition by rival media firms.
Meanwhile Netflix CEO Reed Hastings has given conditional approval to AT&T’s mammoth $85.4bn bid for Time Warner although he couched this by insisting that the enlarged group must not use its leverage to treat the streaming service any differently going forward – specifically around net neutrality.
That deal promises to be the subject of much scrutiny according to The Times, following an admission from AT&T boss that US regulators have ‘issues’ with the $85bn merger with Time Warner.
Newspaper publishers have come out fighting against a proposed new press regulator backed by former F1 chief Max Mosley. The News Media Association warned that if Impress is recognised it would expose publishers to potentially massive legal bills even if they are acquitted.
The Green Party has seen red over a decision by the Daily Mail, Daily Star, Sunday telegraph and The Sun to publish pictures of migrants without consent or proof that they were aged over 16. In a complaint to the press regulator Ipso the party questions whether the titles were justified in publishing the photos.
Microsoft CEO Satya Nadella has vowed to change the company’s ‘know it all’ image to more of a ‘learn it all’ culture as he seeks to position the tech giant as an ideas factory rather than a stagnant corporate behemoth.