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Tag: owners

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
Pornhub owners ‘profit from revenge porn’

Pornhub owners ‘profit from revenge porn’

Technology
Media playback is unsupported on your device The owners of porn streaming site Pornhub are profiting from "revenge porn" and failing to remove videos once reported, BBC News has been told.One woman, "Sophie", said she felt "violated" after a video featuring her was viewed hundreds of thousands of times when it was uploaded online.Campaign group #NotYourPorn said such content allowed Pornhub owners MindGeek to make greater advertising revenues.Pornhub said it "strongly condemns" revenge porn.It added it had "the most progressive anti-revenge-porn policy in the industry".It said it could not find "any record of any email" from Sophie asking for the videos featuring her to be taken down, but was now in touch with her and "looking forward to solvi...
The firms turning their workers into owners

The firms turning their workers into owners

Business
In the past few weeks a few employees have suddenly found they didn't just work for their company, they owned a bit of it too.The owner and founder of Richer Sounds, Julian Richer, used a special trust to give his 500 staff a 60% stake in the business and a £3.5m handout.Engineering company Weir is giving all 15,000 staff £300 each in shares this year and next.Meanwhile telecoms group BT has said it will distribute £50m of shares between staff annually starting in 2020.All this generosity may come as a bit of a shock in our dog-eat-dog world of corporate capitalism.But aficionados of employee ownership say it makes perfect business sense. Richer Sounds boss wants 'to do the right thing' BT staff to get £500 in shares every year T