The parent company has £18m of debt and a capitalisation of only £40m, Guido suspects that any buyer will therefore be keen to spin out the political publishing arm. Huveaux supposedly paid £5m for “Political Wizard”, a political search engine and “sophisticated campaigning tool”. Not.
ePolitix until recently claimed to be the “UK’s premier politics site”, but after a bit of needling about them trailing some political blogs (which Guido is too modest to mention) they changed their slogan to “shaping the political agenda”. Meaning they will reprint any lobbyist’s press releases for cash.
Even the BBC Accepts the Licence Fee Must Go | ConHome
More to Women Than Boosting GDP | Ruth Lea
ThinkProgress Controlled: “I Was an Obamabot” | Zaid Jilani
Free People Don’t Care About Politics | Fraser Nelson
Like Guido’s Facebook Page | Facebook
International Moaning Day | Kathy Gyngell
Cameron Alienating Core Voters Without Attracting New | City AM
Andy Burnham Villain of the Week | Sun
London’s Laundry Business | NY Times
The End of HS2? | Seb Payne
Elvis Speaks | Nottingham Post
Alan Rusbridger opines…
“One thing that Snowden has taught us journalists is that it’s essential to be paranoid.”