Weather Afternoon: 8°c Sunny spells Tonight: 5°c Partly Cloudy Night

Markets & Analysis

In the air: Ready for blast-off to the Daily Planet

Gideon Spanier
8 Sep 2010


Rupert Murdoch is such a convert to the world of Apple iPad and mobile apps that he has made the creation of a digital-only newspaper a top priority in the US. The working name for the digital paper is The Daily Planet and there are rumours that the UK operation, News International, is also working on a similar proposition. Those close to NI in Wapping are
playing down such talk, indicating that they are focused on “existing digital products”. Translation: NI is busy with plans for its next internet paywall — for the News of the World. After a string of top scoops, it will be fascinating to see how many readers are willing to pay for the Sunday red-top's exclusives. Happily, the paper is believed to have already got back a chunk of that £150,000 it handed over during the Pakistani cricket match-fixing exposé.

* Forget the row over ex-News of the World editor Andy Coulson and allegations of who knew what about illegal phone-hacking. Staff at Wapping are intrigued by what plans former Daily Telegraph editor Will Lewis has in his new role as the general manager in charge of the four national titles. Lewis is said to be keen to import the management methods that he learned at Harvard Business School after studying there last year and already the talk is of “new workflows”.

* Guardian News and Media has just cut back its troubled US operations, with Caroline Little departing as chief executive of GNM America, but its ambitions apparently remained undimmed. Former Channel 4 chief executive Michael Jackson has been spotted at Guardian HQ in Kings Place where he is doing a “freelance project” for its US operation. Suggestions he might take a permanent role are apparently wide of the mark. Meanwhile, The Guardian is looking for a new head of business to run its City coverage across the daily paper and The Observer. Columnist Nils Pratley has been seen as the leading internal contender but it is understood he is not in the running.

* Another former Channel 4 chief executive, Andy Duncan, has landed a new job. Few expected him to stay in the media business after his uncomfortable reign at C4 but it's still a surprise that the ex-Unilever marketing man is to be the chief executive of the “luxury motor retailer” HR Owen. No jokes please about the similarities between TV executives and second-hand car dealers...

* Not everyone welcomes Lucy Neville-Rolfe's appointment as a non-executive director at ITV. In her capacity as director of corporate and legal affairs at Tesco, she has overseen the, ahem, robust pursuit of libel actions against the media in the UK and Thailand as the supermarket giant fought to head off critics. “So now she's decided to join the board of a media company,” says someone who has sparred with Neville-Rolfe. “I look forward to the next Tonight With Trevor McDonald show when they choose to do an exposé of Tesco's activities.”

* The BBC is looking for two non-executive directors for its management board, as well as a vice-chairman for the BBC Trust — amid rumours of a lack of top candidates. It is hard to believe the current structure will remain for much longer when the Tories are in combative mood. Barclays chairman Marcus Agius, who has just picked Bob Diamond as his chief executive on a £11.5 million deal, is also the BBC's senior non-exec in charge of setting executive pay. Some say Agius is to blame for failing to grasp that BBC bosses' salaries are too high...

Reader views (0)

 Add your view

No comments have so far been submitted.


Add your comment

 

Terms and conditions Make text area bigger You have  characters left.

We welcome your opinions. This is a public forum. Libellous and abusive comments are not allowed. Please read our House Rules.

For information about privacy and cookies please read our Privacy Policy.


 

 

  • City shock! Broker is tops in our stock-pick contest... Traders pics The results of our three-month share-tipping competition are just in, to be read in the voice of James Alexander Gordon
  • Answer to the great fund fees rip-off City Comment: SCM Private is a multi-asset fund management group that relies heavily on modern investment products such as exchange traded funds, rather than investing direct into equities
  • Music maestro dancing all the way to the bank David King Growth Capital: How London's entrepreneurs are bucking the economic gloom
  • Colao could slip up on a corporate banana skin Comment: You're a brave man, Vittorio. What appears to be an underperforming telecoms provider is actually one of the slipperiest corporate banana skins you could wish for
  • Ask James Caan... Business tips for London entrepreneurs James Caan Growing fast, and in need of a tech whiz
  • Interview: John Cridland - The captain of industry putting up a stout defence John Cridland Pay out best performers top dollar, says the veteran who wants to buff the image of big business
  • A global shaking from tremors in a small country City Comment: It is inherently improbable, is it not, that a bit of pushback by the government of Greece towards the conditions being imposed on it should be enough to unsettle shares around the world?
  • He can't walk on water but Diamond is cutting it Comment: On the face of it Barclays missed City profit forecasts by some £200 million and also admitted it is unlikely to hit its target of 13% return on equity in 2013
  • A red flag for British Land as the market gets bearish Prince Charles On Property: British Land produced an OK-ish set of third-quarter results
  • Hester's the man to give RBS story a happy ending Hester and RBS logo I'm not a politician. Politician is not a job I want," declared Stephen Hester, chief executive of Royal Bank of Scotland, this week. Well...
  •  

    City Spy, cityspy@standard.co.uk

    Faster, stronger... and lots more of it

    Reckitt Benckiser is clearly looking to set a world record at the London Olympics

    More