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Enders Analysis provides a subscription research service covering the media, entertainment, mobile and fixed telecommunications industries in Europe, with a special focus on new technologies and media.

Our research is independent and evidence-based, covering all sides of the market: consumers, leading companies, industry trends, forecasts and public policy & regulation. A complete list of our research can be found here.

 

Rigorous Fearless Independent

DMGT prepares to end its tenure as a plc, as the Rothermere family finalise a takeprivate offer of £2.9 billion (c. 18.8x EBITDA) and make a swathe of new appointments as it seeks to reconfigure the business

The Daily Mail newspaper is the crown jewel in the company’s assets, as the wider portfolio has recentred around consumer media

The road ahead is still foggy, with a rickety bridge between its print and online brands—a strategic risk for DMGT, yet also a key opportunity in UK media

 

Douglas said “The initiative is eminently sensible and should be embraced by every quality news and content provider out there. The internet has demolished incentives for originating content. Exclusive is illusive — for as long as it takes someone to re-write and publish. Copyright is the real key, but no one seriously believes online norms can be reversed after more than 20 years.”

James said "At some point in the future they will get a return, but that point in the future is sufficiently far ahead - beyond 2026 - which is beyond the normal time horizon of a traditional BT investment. It poses an obvious question: 'Given all the interest in infrastructure assets is there a type of investor that would be more suited to this?"

He added "When it comes to timing, if it looks like one party is going to make a bid, and you are potentially interested, that is when you get ready to make a bid. If a company is seen as in-play that promotes interest from others who might not be making the initial push."

 

 

Google and Roku are battling over the terms that YouTube is carried on connected TV (CTV) platforms—one of many power struggles over who gets what share of a booming CTV market.

Roku has invoked competition concerns over Google’s conduct. However, current laws and proposed legislation are unlikely to cover this disagreement, which should instead be seen as a standard business negotiation.

Various companies are looking to fill the CTV platform space, not least Google and Amazon. If Roku’s tough negotiating tactics threaten its customers’ access to content, it could find it difficult to maintain its platform foothold.

‘I don’t think any other HBO show has had the legs that SATC has had,’ argues Tom 

‘If you just think in terms of spinoffs and continued cultural resonance, nothing else really comes close. The only other HBO shows to have a spin-off film – Entourage and The Sopranos – tanked. In reality, the viewership of the golden age mainstay shows – The Wire, Mad Men, even Succession – is very small, but includes influential metro/media types. They get talked about a lot, but they don’t hit the mainstream. Sex and the City managed to be both – it resonated in popular, rather than just critical, cultural impact and there was nothing like it that had come before.’ He points out that SATC’s films, prequel series and the original are all still widely available and valuable on platforms like Sky and continue to inspire – just witness the runaway success of the Sentimental in the City podcast: 20 hours of analysis of the show over nine episodes.

"When Rupert Murdoch stormed the UK press, he wanted to modernise the media industry," says Francois 



"He wanted to break the trade unions because those trade unions were the roadblock on the road to modernisation of the UK press.



"I don't know what Bollore's vision is: what is the plan and where are we going? If Zemmour was elected as president of the republic then he could thank Bollore for it. Zemmour is a very good entertainer and Bollore had the intelligence to give him airtime.



"But the weight of CNews in French politics is nothing like the weight of the Sun in British politics at the time of Tony Blair.



On the Ofcom report, Thomas said “It is important to note that Ofcom found in its research that audiences tended to base their perceptions of the BBC’s impartiality on what they think about the BBC more generally. The issue of impartiality will continue to be an ongoing challenge for the BBC but it is taking steps to tackle this through its recently published Action Plan, which incorporated elements of the Dyson and Serota reviews into editorial standards and culture. Ofcom is well aware of these measures and repeatedly referred to them in today’s report.”

 

The UK’s Q3 GDP growth paints a picture of stolid recovery, leaving GDP still 2.1% below the pre-pandemic peak in early 2020. We expect Q4 will be much stronger, mainly due to booming retail—very beneficial to advertising growth—and returning the economy to peak GDP early in 2022

We predict record highs for retail sales in Q4 with volumes surging on the back of base effects in the previous year, seasonal highs, and ongoing work-from-home (WFH) practices, compounded by a 6-8% YoY increase in retail prices, which could yield up to 14-16% sales value growth

Aside from fizzing retail, the economy enters 2022 facing headwinds from bubbling CPI inflation as energy prices surge on global markets, higher prices for food and other essentials, and Brexit-induced shortages of labour and goods that are hard to alleviate in this island’s economy