2 Article Summaries (22)

http://www.independent.co.uk/news/media/press/the-independent-becomes-the-first-national-newspaper-to-embrace-a-global-digital-only-future-a6869736.html

The Independent becomes the first national newspaper to embrace a global, digital-only future

Summary:

The Independent is to become the first national newspaper title to move to a digital-only future, owners ESI Media have announced. The move will capitalise on The Independent’s position as the fastest growing UK quality newspaper website, and will ensure a sustainable and profitable future. The Independent’s last paper edition is expected to be published in March.

Key Data:

• Its monthly audience has grown 33.3% in the last 12 months to nearly 70 million global unique users. 
• The site is profitable and is expected to see revenue growth of 50% this year. 
• Evgeny Lebedev, owner of The Independent, said: “The newspaper industry is changing, and that change is being driven by readers. They’re showing us that the future is digital.

My View:

I believe the independent newspaper is adapting well to the audiences needs as people would find it to be much more convenient now and also in the digital future. 

http://www.theguardian.com/business/2016/feb/11/facebook-director-appointed-digital-economy-advisory-group
Facebook director appointed to digital economy advisory group

Summary:

The government has appointed a Facebook director and the former head of Amazon UK to a new advisory committee on the digital economy, despite the ongoing row over the amounts such companies have paid in tax to the UK exchequer. The appointments come days after it emerged that the Department for Work and Pensions plans to give a non-executive directorship to Amazon’s boss in China, Doug Gurr. Minister for the Cabinet Office Matt Hancock said he had appointed Facebook’s Richard Allan, the director of policy, Europe, to a new advisory board that will help shape the government’s digital services.

Key Data:

• In October last year it emerged that Facebook paid just £4,327 in corporation tax in the UK. 
• Its revenues in the UK were £105m last year but the company declared an operating loss of £28.5m.
• Amazon’s UK business paid just £11.9m in tax in 2014, even though its Luxembourg unit took £5.3bn from internet sales in the UK.