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The Latest Breaking News from Digital

Data centers keep coming, but not all deals will compute

After a record year for leasing in the sector, three sites in Chicago have varying chances of success. Proximity to ComEd substations is a major factor.

Chicago Sun-Times

New Newcastle music festival announced for Times Square with headliners including Happy Mondays and Ian Brown

New outdoor festival In Between Days will make its city centre debut over three days in May with a line-up also including Two Door Cinema Club, DMAs and The Wombats plus local favourites Andrew Cushin and Liam Fender

Chronicle Live

Bailout backed to recoup crypto millions

Cryptocurrency firm Digital Surge will survive as creditors vote for a bailout after hours of questions put to administrators by some of the 30,000 investors.

AAP

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Michelle Donelan: Channel 4 and BBC licence fee on new Culture Secretary agenda

Ms Donelan’s role as Secretary of Digital, Culture, Media and Sport is her second cabinet position, after less than two days as Education Secretary.

The Independent UK

BT creates 100 Belfast jobs as part of digital expansion

Move follows announcement of plans to refurbish and expand Riverside House headquarters in the city

Birmingham Post

BT to create 170 digital jobs in Bristol recruitment drive

The telecoms provider is is due to open its new 13-storey waterfront office later in 2022

Birmingham Post

BT launches major recruitment drive at Birmingham hub

Telecoms firm is on the hunt for 460 staff to work across its 'Digital' arm responsible for new products and services

Birmingham Post

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Feature jobs: emd:digital, Whisper Communications, Eighth Day Sound, MCMPR 3rdspace

emd:digital is an established digital design & development agency specialising in web design & development with a range of clients in FMCG, Property & Construction, Not-For-Profit, Hospitality, Finance & Consultancy, Allied Health, Start Ups, Technology & Agriculture. They love working with their clients to create immersive, thought provoking websites from…

Pedestrian.tv

Broadband and mobile customers will be able to move to cheaper deals without paying a fee

New rules agreed to by the biggest broadband and mobile operators will see customers who are struggling with their bills able to move to a cheaper deal without paying a fee

Daily Mirror

Warner Music Group CEO Plans To Step Down Next Year

Warner Music Group Corp (NASDAQ:WMG) disclosed planning for the succession of CEO and director Stephen Cooper. WMG expects the transition to happen by the end of 2023. Cooper has served as CEO since 2011. He will continue to serve as CEO and director until his successor is appointed. WMG reported second-quarter FY22 revenue growth of…

Benzinga

Al Jazeera wins record number of Telly Awards

The news network’s digital section is named ‘Telly Company of the Year’.

Al Jazeera

Warner Music Q1 Growth Slows, EPS Dops Y-o-Y

Warner Music Group Corp (NASDAQ:WMG) reported second-quarter FY22 revenue growth of 10% year-on-year to $1.376 billion, missing the consensus of $1.38 billion. Recorded Music revenue grew 8% Y/Y to $1.15 billion. Music Publishing increased 20% Y/Y to $230 million, and Digital grew 8% Y/Y to $931 billion. Adjusted OIBDA margin decreased 50 bps…

Benzinga

Digital Brands Shares Plummet On Pricing Equity Offering At 50% Discount

Digital Brands Group Inc (NASDAQ:DBGI) has priced its underwritten public offering of 37.4 million shares at $0.25 per share. The offer price represents a 50% discount on Digital’s closing price on May 5, 2022. The company has granted the underwriters a 45-day option to purchase up to 5.4 million additional shares of common…

Benzinga

Wrangler, Lee Parent's Q1 Earnings Exceed Street View; Cuts Q2 EPS Outlook

Kontoor Brands Inc (NYSE:KTB) reported first-quarter FY22 sales growth of 4% year-on-year to $679.74 million, beating the consensus of $655.33 million. The company attributed the revenue growth to strength in Digital and continued positive trends in the U.S. wholesale business and solid performance in international markets. Revenue in the U.S. increased 4% Y/Y,…

Benzinga

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Birmingham Post

Tech firm AND Digital to open Bristol office and create 100 jobs

The company has provided IT services to organisations including British Airways, Diageo and The Prince's Trust

Pedestrian.tv

Featured Jobs: Illuminate Communications, Klara Cosmetics, NRMA Holiday Parks, Resident Advisor, Dinosaur Designs, Hamma.Digital

Illuminate Communications provides dynamic integrated communications services spanning consumer and corporate media relations, content marketing, digital and social, and issues and crisis management to clients spanning financial services and fintech, to telecommunications, agriculture and technology. Illuminate is searching for a standout PR consultant with 1-3 years’ experience to join their…

Benzinga

Why Are Warner Music Shares Trading Lower Today?

Warner Music Group Corp (NASDAQ:WMG) reported first-quarter FY22 revenue growth of 22% year-on-year to $1.61 billion, beating the consensus of $1.49 billion. Recorded Music revenue grew 19% Y/Y to $1.39 billion. Music Publishing increased 31% Y/Y to $229 million, and Digital grew 21% Y/Y to $1 billion. Adjusted OIBDA margin increased 90 bps…

Benzinga

New York Times Tops Q4 Consensus; Raises Dividend, Plans Share Buyback

New York Times Co (NYSE:NYT) reported fourth-quarter FY21 sales growth of 16.7% year-on-year, to $594.2 million, beating the consensus of $578.9 million. Subscription revenues increased 11.2% Y/Y to $351.2 million, and advertising revenues increased 26.9% Y/Y to $176.8 million. Compared with the Q4 of 2019, total revenues increased 16.9%, as subscription revenues increased…

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