The Future of Public Service Broadcasting DMG Media Response to the Digital, Culture, Media and Sport Select Committee's Call

Total Page:16

File Type:pdf, Size:1020Kb

The Future of Public Service Broadcasting DMG Media Response to the Digital, Culture, Media and Sport Select Committee's Call Written evidence submitted by DMG Media The Future of Public Service Broadcasting DMG Media response to the Digital, Culture, Media and Sport Select Committee’s call for evidence 1. This response is made on behalf of DMG Media, the publishers of the Daily Mail, Mail on Sunday, MailOnline, Metro, Metro.co.uk, the ‘i’ and inews. It is being submitted because BBC online news competes for audience with our digital titles and we are concerned that funding changes could give the BBC an unfair advantage. 2. DMG Media is not a broadcaster, and public service broadcasters have by longstanding convention not published newspapers. Therefore, whilst over the decades our news titles and the BBC may have had political and cultural differences, they have not been commercial rivals. 3. However the coming of the digital age has changed that. The philosophical foundation of the BBC was that in return for public funding and access to scarce broadcast spectrum, it would develop then-new technology (radio and television) and use it to provide, in addition to education and entertainment, an impartial news service. The written word was not part of its remit. 4. The unlimited possibilities of the internet have destroyed the rationale of that arrangement. Satellite, cable, and now streaming have brought new competitors into the entertainment market, global players with vastly greater resources than the BBC. 5. The BBC is dependent for funding on the licence fee, over which successive governments have resolutely retained control, doubtless believing that a national broadcaster which has to regularly come to the government of the day with a begging bowl is more likely to be compliant. 6. However, as the BBC lost to its new competitors one after another of Britain’s major sporting events and then even its position as the pre-eminent source of high-quality television drama, it did not react as common sense might have dictated, and concentrate on its core service. 7. Instead it expanded, offering not only more broadcast channels, but becoming a major player in news delivered through the written word by launching an ever more ambitious online news service – notably described as ‘imperial’ by George Osborne when he was Chancellor of the Exchequer.1 8. There was no logic for this, no gap in the market to fill. Every city and every town of any substance in Britain has for more than a hundred years had its own newspapers. The digital revolution poses an existential threat to those newspapers – if they are to survive they have no option but to turn themselves into online publications, and with very few exceptions all have done so. 9. At a national level there are at least 13 online news publications filling the role of a national newspaper, not counting digital-only national news titles and those produced by commercial broadcasters. The BBC, under fire on every front, and with a source of income it cannot increase without doing deals with politicians, chose to launch another one, not just at national level, but locally as well. 10. In doing so it made the task of existing news publishers, struggling to move their journalism from print to digital, even more difficult. The BBC does not charge for its online news services, just as it has never charged subscriptions for its broadcast news. The result is that the public expect online news to be delivered free, and are very resistant to paying subscription fees. The latest Reuters Institute Digital News Report finds that 50pc of people the UK who do not have digital news subscriptions say ‘nothing would persuade them’ to pay for news online, considerably more than in the US (40pc).2 11. The Sun operated a subscription model for some years, but had to abandon it. The only publications which successfully charge subscriptions in the UK are upmarket, specialist players - the Times, FT and to a lesser extent the Telegraph. However, while pay-walls offer reliable revenue, as long as the public have the alternative of a free offering from the BBC, they severely limit audience reach, and therefore page- views. And as online advertising is based on page-views, any benefit subscription revenue brings has to be balanced against greatly reduced advertising revenue. 12. The reason Britain was able to support a healthy and independent print media for more than 100 years was that newspapers always had two sources of revenue – circulation and advertising. The two tended to be counter-cyclical – when advertising 1 https://www.huffingtonpost.co.uk/2015/07/05/bbc-website-is-imperial-g_n_7729580.html 2 http://www.digitalnewsreport.org/survey/2020/overview-key-findings-2020/ was in recession newspaper pagination fell, and with it demand for newsprint which consequently became cheaper. 13. However digital news publications have to make a choice between either subscription revenue or advertising revenue. Mass-market titles such as ours have universally opted for the advertising business model. But here there is a second problem: the digital ad market is hugely complex and opaque, controlled ultimately by the two global platforms, Google and Facebook, but with revenue streams filtered through a host of intermediaries. 14. The consequence is that whereas newspapers traditionally received 83p for every £1 spent by an advertiser, recent research by the advertisers’ body ISBA3 shows digital news publications receive on average only 51p in every £1. Lack of transparency in the digital ad supply chain means that where the other 49p goes is not clear – ISBA reported they were unable to account at all for 15p of every advertiser’s £1 – the ‘unknown delta’. 15. At the same time Google and Facebook have come from nowhere in the space of twenty years to dominate the ad market – between them they held 68.5pc of the UK digital ad market in 20194. The combined ad revenue of newsbrands fell from £3.8bn in 1999 to £1.4bn in 20195. Nearly £2.5bn which 20 years ago funded a healthy, competitive and pluralistic news industry has disappeared into the coffers of two giant American companies which distribute news, but do not pay for it. 16. The result has been that news publishers have found it difficult to build a sustainable business model for their digital titles. Despite being hugely popular with readers and operating on a global scale, with editorial and commercial operations in the USA (where it is eighth largest news website6) and Australia (second largest (Neilsen)), as well as the UK (second largest7), it took MailOnline a decade from launch to turn profitable, in the third quarter of 2017. Many other news websites have yet to reach this goal. 17. This is not a problem that can be attributed simply to legacy print businesses failing to understand the internet. American-owned digital-only news publishers HuffPost and Buzzfeed both launched editorial and commercial operations in the UK. Both have struggled to sustain a profitable business. Verizon, the owner of Huffpost was said by the Financial Times to be looking for a buyer for the title late last year8, even 3 https://www.isba.org.uk/media/2424/executive-summary-programmatic-supply-chain-transparency- study.pdf 4 https://www.emarketer.com/content/facebook-and-google-maintain-grip-in-uk-digital-ad-market 5 https://www.statista.com/statistics/248766/advertising-spending-in-the-uk-by-media/ 6 http://www.ebizmba.com/articles/news-websites 7 http://www.digitalnewsreport.org/survey/2020/united-kingdom-2020/ 8 https://www.ft.com/content/6e80c144-f1fb-11e9-ad1e-4367d8281195 before the Covid crisis. This followed lay-offs earlier in the year. Buzzfeed, badly hit by the advertising drought caused by the Covid, closed its British and Australian news operations last month9. 18. The Government, to its credit, recognises the vital importance of independent and reliable news to the healthy functioning of democratic, and has taken steps to address the problem with the Cairncross Review into a sustainable future for journalism and the Furman Review into unlocking digital competition. Both recommended codes of conduct to reduce platform dominance and increase transparency and competition in the digital ad market. 19. This was followed by the Competition and Markets Authority’s ongoing market study into digital platforms and the digital advertising market. It is due to publish its final report by the beginning of July, and DMG Media very much hopes that in addition to codes of conduct it will launch a full-scale Market Investigation into Google’s control of the open digital ad market, with a view to the break-up of its vertically-integrated businesses. 20. All this work will be seriously undermined if one of the consequences of any review of public service broadcasting is that the BBC is enabled to take advertising to fund its online news services. It would be particularly disastrous if the BBC were allowed to operate a hybrid model, where it still received reduced licence fee income, but also took advertising. 21. This already happens to a degree – the BBC operates two online food channels: BBC Food, which is licence fee funded, and BBC Good Food, which is advertising funded. It also runs advertising funded news on its websites in the USA and Australia. Even the Guardian, normally the BBC’s biggest cheer-leader, has been critical of its use licence fee money to make commercial incursions into these markets. 22. The fact that the BBC is a state broadcaster and required to be impartial gives it enormous pull with the public – even if its impartiality has been called into serious question by its coverage of the Brexit debate and 2020 Reuters Digital News Report finds that public trust levels have fallen notably since 201810.
Recommended publications
  • Reuters Institute Digital News Report 2020
    Reuters Institute Digital News Report 2020 Reuters Institute Digital News Report 2020 Nic Newman with Richard Fletcher, Anne Schulz, Simge Andı, and Rasmus Kleis Nielsen Supported by Surveyed by © Reuters Institute for the Study of Journalism Reuters Institute for the Study of Journalism / Digital News Report 2020 4 Contents Foreword by Rasmus Kleis Nielsen 5 3.15 Netherlands 76 Methodology 6 3.16 Norway 77 Authorship and Research Acknowledgements 7 3.17 Poland 78 3.18 Portugal 79 SECTION 1 3.19 Romania 80 Executive Summary and Key Findings by Nic Newman 9 3.20 Slovakia 81 3.21 Spain 82 SECTION 2 3.22 Sweden 83 Further Analysis and International Comparison 33 3.23 Switzerland 84 2.1 How and Why People are Paying for Online News 34 3.24 Turkey 85 2.2 The Resurgence and Importance of Email Newsletters 38 AMERICAS 2.3 How Do People Want the Media to Cover Politics? 42 3.25 United States 88 2.4 Global Turmoil in the Neighbourhood: 3.26 Argentina 89 Problems Mount for Regional and Local News 47 3.27 Brazil 90 2.5 How People Access News about Climate Change 52 3.28 Canada 91 3.29 Chile 92 SECTION 3 3.30 Mexico 93 Country and Market Data 59 ASIA PACIFIC EUROPE 3.31 Australia 96 3.01 United Kingdom 62 3.32 Hong Kong 97 3.02 Austria 63 3.33 Japan 98 3.03 Belgium 64 3.34 Malaysia 99 3.04 Bulgaria 65 3.35 Philippines 100 3.05 Croatia 66 3.36 Singapore 101 3.06 Czech Republic 67 3.37 South Korea 102 3.07 Denmark 68 3.38 Taiwan 103 3.08 Finland 69 AFRICA 3.09 France 70 3.39 Kenya 106 3.10 Germany 71 3.40 South Africa 107 3.11 Greece 72 3.12 Hungary 73 SECTION 4 3.13 Ireland 74 References and Selected Publications 109 3.14 Italy 75 4 / 5 Foreword Professor Rasmus Kleis Nielsen Director, Reuters Institute for the Study of Journalism (RISJ) The coronavirus crisis is having a profound impact not just on Our main survey this year covered respondents in 40 markets, our health and our communities, but also on the news media.
    [Show full text]
  • Moderation Guide
    Moderation Guide Society of Editors www.societyofeditors.org 01 Moderation Guide Society of Editors www.societyofeditors.org Department for Communities and Local Government 01 Foreword Introduction Before the arrival of online news, the and threatening content is an issue of real C.P. Scott, Manchester Guardian editor from 1872 to 1929, writing for the 100th space available for content was limited and concern for many. That is why we funded anniversary of the paper and his 50th birthday in 1921, said a newspaper’s primary office newspaper editorials and comment pieces the Society of Editors with input and support was the gathering of news. were the preserve of the few. from the Press Complaints Commission to carry out research into current moderation “At the peril of its soul it must see that the supply is not tainted. Neither in what it gives, Today there really are no such physical of user-generated content and to produce nor in what it does not give, nor in the mode of presentation must the unclouded face restrictions and together with technological good practice guidance to help on-line of truth suffer wrong. Comment is free, but facts are sacred.” advances and social networking, a much moderators in the future. larger group of commentators now have This most famous quote of the longest serving editor of the newspaper we know today a voice on almost any topic. This opening The majority of online news outlets take as The Guardian, now provides the title of the comment section of the Guardian’s up of traditional media, with the advent of the issue of moderation seriously, not successful website.
    [Show full text]
  • Jazz and Radio in the United States: Mediation, Genre, and Patronage
    Jazz and Radio in the United States: Mediation, Genre, and Patronage Aaron Joseph Johnson Submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in the Graduate School of Arts and Sciences COLUMBIA UNIVERSITY 2014 © 2014 Aaron Joseph Johnson All rights reserved ABSTRACT Jazz and Radio in the United States: Mediation, Genre, and Patronage Aaron Joseph Johnson This dissertation is a study of jazz on American radio. The dissertation's meta-subjects are mediation, classification, and patronage in the presentation of music via distribution channels capable of reaching widespread audiences. The dissertation also addresses questions of race in the representation of jazz on radio. A central claim of the dissertation is that a given direction in jazz radio programming reflects the ideological, aesthetic, and political imperatives of a given broadcasting entity. I further argue that this ideological deployment of jazz can appear as conservative or progressive programming philosophies, and that these tendencies reflect discursive struggles over the identity of jazz. The first chapter, "Jazz on Noncommercial Radio," describes in some detail the current (circa 2013) taxonomy of American jazz radio. The remaining chapters are case studies of different aspects of jazz radio in the United States. Chapter 2, "Jazz is on the Left End of the Dial," presents considerable detail to the way the music is positioned on specific noncommercial stations. Chapter 3, "Duke Ellington and Radio," uses Ellington's multifaceted radio career (1925-1953) as radio bandleader, radio celebrity, and celebrity DJ to examine the medium's shifting relationship with jazz and black American creative ambition.
    [Show full text]
  • Our Businesses 237 KB
    Strategic Report Operating Business Reviews B2B Summary Outlook Our B2B companies operate in five sectors, namely Insurance Risk, Our B2B companies are collectively expected Property Information, Education Technology (EdTech), Energy Information, to deliver low single-digit underlying revenue Events and Exhibitions. growth in FY 2018, although revenues will be adversely affected by the disposals that have taken place in the past year and the planned disposal of EDR. In the Insurance Risk sector, 2016 RMS will continue to expand the client 2017 Pro formaΩ Movement Underlying^ Total B2B £m £m % % base for the RMS(one) software platform and associated applications, laying the Revenue# 976 899 +9% +2% groundwork for revenue acceleration Operating profit* 152 160 (5)% (15)% in FY 2019 and beyond. In the Property Operating margin* 16% 18% Information sector, the European businesses # Revenue from continuing and discontinued operations. are expected to continue to experience * Adjusted operating profit and operating margin; see pages 29 to 31 for details. relatively subdued market conditions and ^ Underlying growth rates give a like-for-like comparison; see page 31 for details. Ω Pro forma FY 2016 figures have been restated to treat Euromoney as a c.67% owned subsidiary during the first three months the remaining US businesses to continue and as a c.49% owned associate during the nine months to September 2016, consistent with the ownership profile during to deliver growth. Following the disposal FY 2017. See reconciliation on page 28. of Hobsons’ Admissions and Solutions businesses, the remaining EdTech business is expected to benefit from increased focus Euromoney of Group corporate costs, were £152 million, and to continue to deliver growth.
    [Show full text]
  • Downloads of Technical Information
    Florida State University Libraries Electronic Theses, Treatises and Dissertations The Graduate School 2018 Nuclear Spaces: Simulations of Nuclear Warfare in Film, by the Numbers, and on the Atomic Battlefield Donald J. Kinney Follow this and additional works at the DigiNole: FSU's Digital Repository. For more information, please contact [email protected] FLORIDA STATE UNIVERSITY COLLEGE OF ARTS AND SCIENCES NUCLEAR SPACES: SIMULATIONS OF NUCLEAR WARFARE IN FILM, BY THE NUMBERS, AND ON THE ATOMIC BATTLEFIELD By DONALD J KINNEY A Dissertation submitted to the Department of History in partial fulfillment of the requirements for the degree of Doctor of Philosophy 2018 Donald J. Kinney defended this dissertation on October 15, 2018. The members of the supervisory committee were: Ronald E. Doel Professor Directing Dissertation Joseph R. Hellweg University Representative Jonathan A. Grant Committee Member Kristine C. Harper Committee Member Guenter Kurt Piehler Committee Member The Graduate School has verified and approved the above-named committee members, and certifies that the dissertation has been approved in accordance with university requirements. ii For Morgan, Nala, Sebastian, Eliza, John, James, and Annette, who all took their turns on watch as I worked. iii ACKNOWLEDGMENTS I would like to thank the members of my committee, Kris Harper, Jonathan Grant, Kurt Piehler, and Joseph Hellweg. I would especially like to thank Ron Doel, without whom none of this would have been possible. It has been a very long road since that afternoon in Powell's City of Books, but Ron made certain that I did not despair. Thank you. iv TABLE OF CONTENTS Abstract..............................................................................................................................................................vii 1.
    [Show full text]
  • Open PDF 409KB
    DMG Media—written evidence (FOJ0033) Response the House of Lords Communications and Digital Committee call for evidence on the future of journalism Overview 1. DMG Media publishes the Daily Mail, Mail on Sunday, MailOnline, Metro and metro.co.uk. DMG Media is a subsidiary of DMGT, which has also recently purchased the i and inews. 2. We are always ready to assist the Communications and Digital Committee, and welcome any government initiatives which advance the cause of freedom of expression and contribute to a healthy media industry. We are very grateful for the support the Department for Digital, Culture Media and Sport has given to new publishers during the current Coronavirus crisis. This has brought into sharp focus the economic frailty of the news industry, and will inevitably both shorten the time the industry has to make a successful transition from print to digital, and strengthen yet further the market dominance of the online platforms, Google and Facebook. 3. It is fair to say that over the last couple of years news publishers have faced a unprecedented array of inquiries, codes of practice and legislation, some very helpful, others much less so. 4. The Cairncross and Furman Reviews, and the Competition and Markets Authority Online Advertising Market Study all address the fundamental issue, which is that reliable journalism will have no future in the UK unless ways can be found to deliver enough revenue to support a wide and varied range of digital publications - including global players like MailOnline, the online equivalents of traditional local news newspapers, and specialist titles.
    [Show full text]
  • Register of Journalists' Interests
    REGISTER OF JOURNALISTS’ INTERESTS (As at 14 June 2019) INTRODUCTION Purpose and Form of the Register Pursuant to a Resolution made by the House of Commons on 17 December 1985, holders of photo- identity passes as lobby journalists accredited to the Parliamentary Press Gallery or for parliamentary broadcasting are required to register: ‘Any occupation or employment for which you receive over £795 from the same source in the course of a calendar year, if that occupation or employment is in any way advantaged by the privileged access to Parliament afforded by your pass.’ Administration and Inspection of the Register The Register is compiled and maintained by the Office of the Parliamentary Commissioner for Standards. Anyone whose details are entered on the Register is required to notify that office of any change in their registrable interests within 28 days of such a change arising. An updated edition of the Register is published approximately every 6 weeks when the House is sitting. Changes to the rules governing the Register are determined by the Committee on Standards in the House of Commons, although where such changes are substantial they are put by the Committee to the House for approval before being implemented. Complaints Complaints, whether from Members, the public or anyone else alleging that a journalist is in breach of the rules governing the Register, should in the first instance be sent to the Registrar of Members’ Financial Interests in the Office of the Parliamentary Commissioner for Standards. Where possible the Registrar will seek to resolve the complaint informally. In more serious cases the Parliamentary Commissioner for Standards may undertake a formal investigation and either rectify the matter or refer it to the Committee on Standards.
    [Show full text]
  • Sustaining the Public Value of ITV News in a Changing World
    Robert Kenny Sustaining the public value of ITV News in a changing world October 2020 About the Author Rob Kenny is a founder of Communications Chambers. He has extensive experience on issues of TMT policy and regulation, and PSB and news in particular. He has worked on PSB issues for clients such as the BBC, ITV, RTÉ, Virgin Media, COBA, the Broadcasting Authority of Ireland and the Belgian government, addressing funding, public value, market impact, distribution strategy, and many other topics. He has also worked widely on news issues, including plurality, the business of news, and interventions to support news. Relevant clients have included the BBC, Sky, 21st Century Fox, News Corp, GMG, the Broadcasting Authority of Ireland and the Australian Competition & Consumer Commission. Previously Rob headed strategic planning and corporate development for Hongkong Telecom, and corporate development for Level 3. Disclaimer This is an independent report prepared for ITV. The opinions offered herein are purely those of the author. They do not necessarily represent the views of ITV, nor the views of all Communications Chambers members. [0] Contents 1. Executive Summary .................................................................................................................................. 2 2. Introduction ................................................................................................................................................. 6 3. A rapidly changing news market ........................................................................................................ 7 3.1. Shifting platform preference 7 3.2. News economics 10 3.3. The nature of news 12 4. A news service for everyone: the current role of ITV News ............................................... 15 4.1. ITV’s news offering 15 4.2. ITV’s investment in news 19 4.3. Consumption of ITV News 21 4.4. Trust in ITV News 25 4.5. ITV News during COVID-19 25 4.6.
    [Show full text]
  • In Europe—Health Dimension Through the Lens of the UK Daily Mail and Statistical Facts
    International Journal of Environmental Research and Public Health Article “East” in Europe—Health Dimension through the Lens of the UK Daily Mail and Statistical Facts Izabella Lecka 1,*, Viktoriya Pantyley 2,*, Liudmila Fakeyeva 3,* and Alexandrina Cruceanu 4 1 Centre for Health Care Management, Faculty of Management, University of Warsaw, 02-678 Warsaw, Poland 2 Institute of Socio-Economic Geography and Spatial Management, Maria Curie-Sklodowska University in Lublin, 20-031 Lublin, Poland 3 University of Edinburgh Business School, Edinburgh EH8 9JS, UK 4 Faculty of History and Geography ¸Stefancel Mare, University of Suceava, 720229 Suceava, Romania; [email protected] * Correspondence: [email protected] (I.L.); [email protected] (V.P.); [email protected] (L.F.) Abstract: The study concerns the relationship between health and geopolitics in the United Kingdom (UK). To demonstrate this relationship, we examined the subject and tone of articles published in the popular media (on the example of tabloid the Daily Mail) in 2006–2020 concerning health and medical care, and the health and health care practice of Eastern European immigrants belonging to and not belonging to the European Union (EU). There was an increase in media criticism of the behaviour of immigrants in the years 2014–2017, in the period around the referendum in favour of the UK leaving the EU (Brexit). Attention was drawn to the media’s use of a Belief in a Zero-Sum Game (BZSG) narrative at that time. On both sides, “hosts” and the “guests”, a progressive anomy Citation: Lecka, I.; Pantyley, V.; process was observed, degrading the behaviour of individuals and social groups.
    [Show full text]
  • DMG Media Submission on the Impact of Covid 19 on the Media and Journalism
    Written evidence submitted by DMG Media DMG Media submission on the impact of Covid 19 on the media and journalism 1. DMG Media is the publisher of the Daily Mail, Mail on Sunday, MailOnline, Metro, Metro.co.uk, the i, and inews. 2. There can be no doubt that Covid 19 has had the most profound effect on the media business, not only in the short term, but in the medium and long term, where the timeframe within which the industry has to manage the transfer from print to digital will be dramatically shortened. Taking in turn the questions asked by the Committee: What has been the immediate impact of Covid-19 on the sector? 3. The most obvious impact - to our journalists but, we are glad to say, not to our readers - is that in the space of two weeks, from a standing start, we went over entirely to remote working. From March 24 onwards all our five newsrooms, normally home to around 1000 journalists, were completely empty. Everyone worked from home but, thanks to the energy and ingenuity of our IT department, the newspapers still rolled off the presses and our websites were still updated minute by minute as the Covid crisis unfolded. 4. The commercial impact has been equally dramatic. April 2020, the first full month of Covid, saw overall revenue drop by 33pc year-on-year, advertising 46pc and circulation 17pc. Print advertising revenue was hit much harder than digital – 69pc down against 16pc. The position is now improving, but slowly: in June DMG Media is forecast to make a small profit.
    [Show full text]
  • Associated Newspapers
    ASSOCIATED NEWSPAPERS Annual statement to the Independent Press Standards Organisation 2019 1. Factual information 1.1 Overview A division of Daily Mail and General Trust, Associated Newspapers is one of the largest publishers of national newspapers and news websites in the UK, its titles including the Daily Mail, Mail on Sunday, MailOnline, Metro and Metro.co.uk. The company also publishes the Irish Daily Mail, Irish Mail on Sunday and evoke.ie website in the Irish Republic. MailOnline is a global news website with independent editorial operations in the USA and Australia. 1.2 List of Titles The Associated Newspapers titles regulated by IPSO are: • Daily Mail (Circulation area England, Wales and Northern Ireland. Average circulation including Scotland and Ireland December 2019: 1.09 million) • The Mail on Sunday (Circulation area England, Wales and Northern Ireland. Average circulation including Scotland and Ireland December 2019: 0.88 million) • Scottish Daily Mail (Circulation area Scotland. Average circulation December 2019: 67,900) • The Scottish Mail on Sunday (Circulation area Scotland. Average circulation December 2019 57,800) • Metro (Distribution in major cities and suburban areas in England, Scotland and Wales. Average circulation December 2019: 1.42 million) • MailOnline (all content relating to news events in the UK) (Global audience. Global monthly unique visitors December 2019: 207 million) • Metro.co.uk (Global audience. Global monthly unique visitors December 2019: 60 million) 1.3 Responsible person Associated Newspapers’ responsible person is Peter Wright, Editor Emeritus. 2 Editorial standards 2.1 Overview. Associated Newspapers has always been committed to upholding the editorial standards enshrined in the Editors’ Code of Practice.
    [Show full text]
  • Annual Report
    2014 Annual Report 1 Independent Television News Limited 200 Gray’s Inn Road London WC1X 8XZ Telephone Registered number 548648 ITN.co.uk CONTENTS OVERVIEW Highlights 04 Our business 06 Chief Executive’s Review 18 Chairman’s Statement 23 GOVERNANCE Board of Directors 26 Executive team 28 Strategic report 32 Directors’ report 38 Statement of Directors’ responsibilities 40 Independent auditor’s report 41 ACCOUNTS Accounts 43 3 Independent Television News Limited AT A GLANCE 5,757 4,958 3,735 Group operating profit £m* 2014: £5.76m 2,319 + 298% on 2009 * Excluding exceptionals 942 £0m -2,893 09 10 11 12 13 14 Group revenue £m ITN Productions Revenue £m 2014: £112.0m 2014: £16.7m + 16% on 2010 + 44% year on year 111,959 108,739 16,739 105,829 11,627 98,207 10,800 96,249 7,675 7,059 £80m £0m 10 11 12 13 14 10 11 12 13 14 4 Annual Report and Accounts 2014 AT A GLANCE Major awards won 2014: 46 2013: 43 46 Broadcast television commissions Commercials 2014: 36 2014: 37 + 100% on 2013 + 37% on 2013 36 37 5 Independent Television News Limited ITV NEWS 6 Annual Report and Accounts 2014 OUR BUSINESS 7 Independent Television News Limited ITV NEWS ITV News secures the big exclusives, providing balanced reporting and comprehensive analysis from a top team of expert journalists to a daily audience of up to eight million viewers across the UK. Produced by ITN since its inception in 1955, ITV News airs national news programmes at 1.30pm, 6.30pm and 10pm, informing public opinion and generating debate through news exclusives, investigative journalism and bold, accessible reporting on the latest news agenda.
    [Show full text]