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UK social media ban ‘likely to cause £1.3bn drop’ in digital advertising spend

TV streamers and family shows set to benefit as brands cease marketing to teenagers on sites such as YouTube

Brands are expected to cut more than £1bn of digital advertising spending due to the UK’s ban on social media for under-16s, with streaming services tipped to benefit as advertisers try to reach large audiences of teenagers.

The ban, due to come into force early next year, will leave UK advertisers scrambling to reassess marketing plans as millions of under-16s effectively disappear as a demographic that can be marketed to on platforms including Facebook, Instagram, Snapchat and YouTube.

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© Photograph: Hollie Adams/Reuters

© Photograph: Hollie Adams/Reuters

© Photograph: Hollie Adams/Reuters

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Sky ends controversial news joint venture in United Arab Emirates

Sky News Arabia to retain name in brand licensing deal after criticism of its coverage of atrocities in Sudan

Sky is exiting its TV news joint venture with the United Arab Emirates, Sky News Arabia, which has been criticised for its coverage of the war in Sudan, with accusations of genocide denial.

Sky and its partner IMI – the investment vehicle controlled by Sheikh Mansour bin Zayed al-Nahyan, the vice-president of the UAE and owner of Manchester City – have announced a new commercial deal in which the UK-based broadcaster will relinquish all strategic and operational ownership of the 24-hour Arabic language news and current affairs service.

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© Photograph: Sky News Arabia

© Photograph: Sky News Arabia

© Photograph: Sky News Arabia

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Revealed: Axel Springer skipped due diligence before £575m Telegraph takeover

Sources say German group may struggle to recoup its investment as titles shift to less profitable models

Axel Springer did not complete due diligence on the Telegraph before sealing its £575m takeover, with sources saying the German media company could struggle to recoup its eye-watering investment as the titles shift toward less-profitable digital subscribers.

To wrap up the deal quickly, Mathias Döpfner, the chief executive of Axel Springer, decided to forgo the usual extensive due diligence process to vet the value and prospects of a company, according to multiple sources.

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© Photograph: Yui Mok/PA

© Photograph: Yui Mok/PA

© Photograph: Yui Mok/PA

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