Francois Godard was quoted in Les Echos on Altice’s financial trajectory “Given the costs of the Champions League and the little additional revenue expected, Altice's figures will deteriorate in the next quarter," said Francois. “The question is: will Altice keep up?"
Alice Enders was quoted in BBC News on the accusations from Prager University that Facebook removing its content was not a mistake, but the deliberate censorship of conservative ideas. “Facebook is caught between a rock and a hard place,” commented Alice. “It is simultaneously exhorted to ‘do something’ – employing human monitors or tweaking the algorithm – to identify take downs, and then vilified by those whose freedom of expression is ostensibly prevented.”
Sky maintained strong revenue growth of 5% in 2017/18, with EBITDA and operating profit both bouncing back into strong positive territory after the UK Premier League rights hit of 2016/17
The UK grew revenue well and profits better; Italy performed well and should improve much further given the retreat of its principal competitor; Germany is more challenged, but extra content investment may aid sustained growth
Jamie MacEwan appeared on BBC World News to discuss Tencent's Q2 2018 results. Jamie said although the decline in profits is unexpected “the days leading up to this announcement the markets were starting to believe that profits would not be as high as expected and this comes at a time of a softening mobiles games market in China. Part of this has to do with regulation, the Chinese government fused its games regulators in March 2018 and this means the pipeline for new games has been blocked so unfortunately Tencent cannot refresh those mobile games that have been driving its profit in recent years”
Video-sharing platforms, such as YouTube and Facebook video, enjoy a light-touch regulatory regime for harmful content and advertising. As video viewing of non-broadcaster content grows, the regulatory gap between TV broadcasters and video-sharing platforms widens, part of a broader uneven playing field for publishers and platforms
Virgin Media had a mixed quarter, with subscriber ARPU growth maintained, partly driven by a triple play focus with pay TV and telephony adds much improved, but subscriber and broadband net adds unchanged
Cable revenue growth did slow from 3.6% to 3.1%, mainly due to the previous quarter’s net adds slowdown working through, and it is still growing the fastest of the big operators in a slow-growth market that still suffers from pricing pressure at the low end
Although launched with an array of public service goals in mind, local TV’s flawed design has created a sector struggling to live up to its optimistic ambitions.
Five years and £37 million of licence fee monies later, it is unclear what public service contributions are being made, or whether the scheme has provided value-for-money. A wholesale review of the sector is urgently needed.
The decline in demand in print presents trading challenges, but the more immediate pressures are on the supply side, with a 15% rise in paper prices accentuating the burden of production and distribution costs
With digital advertising growing at stubbornly low rates, UK publishers need to return to their fundamental consumer-centred strengths by switching their strategic attention towards strong brands, curation, and community
Douglas McCabe was quoted in The Guardian on the relaunch of Interview magazine. Douglas said “In the magazine sector as a whole there has been enormous over-supply problem, and why we’ve seen such a car crash in the middle market where advertising has practically collapsed...But high-end magazines with a commitment to high-end editorial values, well-heeled demographics and a high-end supply of advertising have been living in a much less volatile market.”
Alice Enders appeared on Bloomberg News to discuss Fox results and the battle for Sky. Alice said “The stand out is how well the cable programming network did with 60% of Fox revenues and the centre of profitability. These “New Fox assets” won’t transfer to Disney, but Fox brings filmed entertainment as well as 39.1% of Sky, the number one Pay-TV business in Europe to Disney, 2019 is about a direct to home offer”