Losses at the Guardian Media Group are to increase significantly according to the outgoing Chief Executive.

Carolyn McCall, who is heading to EasyJet blamed the continuing downturn on write-downs on its investments.

Staff was told that pre-tax losses in the 12-months to March would be larger that the ...

Sky is about to become even more dominant in the UK cable TV market by buying Virgin Media's TV channels, Virgin1, Living, Bravo and Challenge.

Virgin have been toying with selling their wholly owned cable channels for a while, and Sky has been a key bidder thoughout, despite ...

New stats from research company comScore claim that over-the-air downloads to mobile phones have failed to take off in North America and Western Europe, with less than two percent of people polled downloading music direct to their mobile in the last quarter, even though 24% said that they ...

Simon Fox is the head of the UK's last remaining high street entertainment chain and oversees the MAMA Group empire that runs some of London's iconic music venues. Our friends at the CMU Network caught up with the top man at this weekend's Great Escape Festival on Brighton's ...

Just weeks before the most audacious revenue bid in British journalism history, The Times has moved to cut jobs and slash budgets across its sister totals.

An internal memo revealed that up to 50 members of staff will go and News International's Sun and News of the World ...

Private equity group Terra Firma are set to bail out London based music music firm EMI once again.

According to the Wall Street Journal, top man Gary 'the Guy' Hands has gotten the all-clear from enough of his investors to fund the company - meaning Citigroup are not ...

City News Desk

Prime Minister David Cameron and his coalition government will not be helped by Euro-zone member states of the European Union, if the pound suffers a financial crisis, following Britain’s refusals to sign up to the bail-out package agreed yesterday in the EU.

The ...

City News Desk – 3:20pm

The Royal Bank of Scotland has just announced it is cutting 2,600 jobs, the first major British company after the general election to announce job cuts, bringing the total number of employee’s in the state-owned lender to 22,600 since the banking ...