Stories that mattered this week: A new culture secretary, Ofcom rulings and streamer consolidation

By The Media Leader

The Media Leader Podcast

11/07/24·18m 45s

Reporter Ella Sagar and deputy editor Maria Iu look at the stories that mattered most in media and advertising this week.

The pair discuss new culture secretary Lisa Nandy's in-tray, Ofcom’s ruling on BBC spin-off stations, Meta's view that news is "substitutable" and Paramount Global’s merger with Skydance Media.

Highlights

0:26: What you need to know about the new Labour government

3:54: Ofcom delays early launch of BBC Radio 2's "pop nostalgia" service

8:30: Industry reaction to Meta saying news is "substitutable"

12:15: Paramount Global and Skydance Media merger

14:30: Bundling could be "consolidation lite"

16:57: News round-up: Channel 4's chief revenue officer will depart at the end of the year; Spotify has added a comments feature for podcasts; the UK and Ireland June box office is up 7%; The Independent has been having “more than half a dozen serious conversations” with global publishers about partnerships; and latest IPA TouchPoints data showing 38% of Brits "are not coping" on their current income.