There was a moment last November when Channel 4 ’s senior executives breathed a sigh of relief. Sat at the top table of Channel 4’s 40th birthday party, Chief Executive Alex Mahon was flanked by her friend Elisabeth Murdoch and doyens of UK broadcasting, including BBC Director-General Tim Davie and Carolyn McCall, ITV’s Chief Executive. They were raising a glass to a British success story in a rare public display of unity. On the same table was Thérèse Coffey, a senior government minister who had survived three prime ministers in the space of little more than three months. Her presence at the V&A Museum event bemused others, who believed the government only had hostile intentions for Channel 4 after sanctioning a sale of the broadcaster against its wishes. Things soon got weirder. Coffey turned to Mahon and asked if she could raise a glass to Channel 4. She then proceeded to surprise the room full of TV luminaries by serenading her hosts with a rendition of happy … [Read more...] about Channel 4: Inside The Doomed Sale Of A Crown Jewel Of British Television
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U.S. Economy Added 517,000 Jobs In January; Unemployment Rate At 3.4%
The U.S. economy added 517,000 jobs in January, unexpectedly high employment growth after predictions that job growth would slow as the Federal Reserve continues to raise interest rates. The unemployment rate was 3.4%, falling slightly from December. The Bureau of Labor Statistics said that job growth was spread across industries, including leisure and hospitality, professional and business services and health care. There also was a rise in the government payroll. The robust report belies some of the headlines of mass layoffs, particularly in the tech industry, as well as cutbacks in media. According to the seasonally adjusted figures, jobs in movies and sound recordings were unchanged from a month earlier, at 465,900. But jobs in broadcasting and among content providers fell 2.7% to 355,900. Publishing industry employment fell 1.3% to 952,600. Telecommunications jobs fell 1.4% to 656,700. Average hourly earnings on private payrolls rose by 10 cents to $33.03. … [Read more...] about U.S. Economy Added 517,000 Jobs In January; Unemployment Rate At 3.4%