Former Mirror Group boss David Montgomery has agreed to relinquish some control over his European newspaper empire, Mecom. He will give up his role as executive chairman to become chief executive. The company has appointed a headhunter to find a new chairman from outside.
The Guardian and Observer’s Money website has been named Personal Finance Website of the Year at the Personal Finance Media Awards 2008.
The group planning a radical shake-up of its regional news operations and 430 local redundancies has accused the BBC of causing “irreparable” damage with its proposed £68m local online video service.
Sky has confirmed it’ll be appealing against a Competition Commission ruling that it must sell down its 17.9 per cent stake in ITV. The company bought its stake for £940m. Today it’s worth £221m. Ouch.
Guardian Media Group appears to be researching the possibility of launching a new local website to cover the Manchester area. The site, if it comes to fruition, will be branded with the Guardian name and offer a highly focused local service looking to ‘connect you with your local community.”
Freelance foreign journalist and Frontline Club founder Vaughan Smith makes an impassioned plea for fair treatment. He says: “I have been shot more times than I have been credited by the BBC.”