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Budget 2020: VAT on e-books and newspapers scrapped

Budget 2020: VAT on e-books and newspapers scrapped

Technology
Chancellor Rishi Sunak has announced the 20% tax on e-books and online newspapers, magazines and journals will be abolished on 1 December.But the BBC has learned that it will not apply to audiobooks, something that the Royal National Institute said was "disappointing".A letter calling for the tax to be axed was signed by more than 600 authors and presented to Parliament in October.Physical books and periodicals are already exempt. Media playback is unsupported on your device In October 2018, the EU allowed member states drop sales taxes on electronic publications and many countries have already made the changes."The government expects the publishing industry, including e-booksellers, ...
Telegraph owners to put newspapers up for sale

Telegraph owners to put newspapers up for sale

Business
The billionaire owners of the Daily Telegraph and the Sunday Telegraph are to put both titles up for sale.Sir Frederick and Sir David Barclay are understood to be reviewing all of their key assets, which includes the Telegraph Media Group (TMG).Figures published on 17 October showed TMG's profit for the last financial year was £900,000 - a 94 per cent drop on the previous financial year.The Barclay twins, who bought the paper in 2004, have declined to comment.The news of the sale was first reported by the Times.There have been rumours of a sale of the Telegraph for several years, which the owners have consistently denied. Sales of the print editions have plummeted in rec...
Cyber-attack disrupts distribution of multiple US newspapers

Cyber-attack disrupts distribution of multiple US newspapers

Technology
Several US newspapers suffered major printing and delivery disruptions on Saturday following a cyber-attack.The attack led to delayed distribution of The Los Angeles Times, Chicago Tribune, Baltimore Sun and other titles belonging to Tribune Publishing.The company said it first detected the malware on Friday, which hit papers sharing the same printing plant.The attack is believed to have come from outside the US, the LA Times said.West Coast editions of the Wall Street Journal and The New York Times, which share the same production platform in Los Angeles, were also affected."We believe the intention of the attack was to disable infrastructure, more specifically servers, as opposed to looking to steal information," an anonymous s...