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François Godard, who covers media at the research group Enders Analysis, said Rabe had recently been “going from one problem to the other” and would need to come up with a convincing “plan B” after his setbacks.

“The rise of casual footwear goes back 15 years now to the redoubtable Ugg,” says Alice Enders, director of research at media insights company Enders Analysis. “And then the pandemic lockdowns reinforced the trend of casual wear.”

Enders Analysis’ Tom Harrington described the price changes as the next evolution for Netflix’s pricing following the launch of cheap mobile-only plans in some international markets. “It’s the next step in creating a nuanced, bespoke approach to pricing on a country-by-country basis – a far cry from how the product was pitched after the global rollout stage, where in many countries it was extremely expensive, uncompetitive against very cheap local streamers and only accessible by (their words) ‘western-oriented elites’,” he told THR.

“It’s a big bet,” says Douglas McCabe at Enders Analysis, a research firm. Digital news publishing is not yet a strong and sustainable business. Mr Döpfner paid more than $1bn for Politico, Springer’s biggest-ever acquisition, and top dollar for Insider, too. Although both made money last year, it may be a while before Springer sees a return on those investments.

Adam said “TNT Sports offers a very similar proposition for consumers, just without the brand-recognition of BT Sport, as the TNT brand will have little resonance with consumers this side of the Atlantic, which they will no doubt want to address with a launch marketing campaign."

“The consolidated rights portfolio will provide a wider offering, but BT Sport is bringing most of the value to the joint venture. Eurosport’s most high-profile rights, the Olympics, only lasts for two weeks every two years and its output is overshadowed by the free-to-air coverage on the BBC.”

Alice Enders at Enders Analysis says: “What they’re saying is the New York Times must take a position on the issue of children and their right to transition and defend it hook line and sinker, and I’m not sure that’s appropriate.

“I just don’t see how it really advances the case of trans children and their rights to assert that the New York Times has to come down on this issue in a doctrinaire way.”