November 17th, 2011

ePolitix & PoliticsHome Merge
Ashcroft Losses Top £5 Million in 2 Years

The merger announced today between PoliticsHome and ePolitix had a certain inevitability to it as soon as the Lord Ashcroft controlled Dods plc, publishers of ePolitix and the House Magazine, swallowed the loss making website. PoliticsHome lost £500,000 last year, so some rationalisation of what are essentially websites with similar output was bound to happen. Even with the two sites combined Guido doubts they will get a readership of the size this blog reaches, in the press release announcing the consolidation the past highlights of ePolitix’s coverage were a story “revealing that a major section of a speech delivered in the House of Commons by further education minister John Hayes had been lifted from Wikipedia and an article in defence of David Laws. Hold the front page!

PoliticsHome has similar revenues to this blog with five times the head count, that unfortunately is not a commercially viable proposition. By Guido’s calculation Ashcroft has lost £3 million on his purchase of 25% of parent company Dods – he bought the shares for 13.5p and they are now trading at 5p – he paid circa £1.3 million for ConservativeHome and PoliticsHome which together with rolled up losses of over £500,000 means his foray into political publishing has cost him some £5 million in the last two years. A mere rounding error for the billionaire…


127 Comments

  1. 1
    Billy Bowden is the greatest umpire ever ! says:

    He should have stayed with Watford.

    Like

  2. 3
    Billy Bowden is the greatest umpire ever ! says:

    Thing is Guido your blog is unique, with the relaxed rules on speech and not pre-modded (unless you say a few chosen words), most other blogs are mirror images of left/right press releses and talk down to its custermors with thier content.

    And you have the blogger with the best hair on board ;-)

    There is a reason why politicons dont get it, because they dont here anything aprt frokm nodding yes people.

    Like

    • 14
      Anonymous says:

      Billy, I’ve realised who you remind me of – ‘Bogbrush’ from the Private Eye fake forums article. You’re like an over enthusiastic 11-year old going ‘me,me me’ all the time with nothing interesting to say.

      Like

    • 21
      JH says:

      Billy, since you love this site so much you may choose to post less.

      People are irritated by your constantly whoring for attention and affirmation, and it reduces participation as other posters don’t want to be associated with a rambling fucking poofter.

      Even your screen name is deeply irritating. Do you make people’s hackles rise out in the real world too?

      Just trying to help.

      Like

  3. 4
    Derek Smalls says:

    On a practical note: If there are so many people reading this blog, why are there only three posting comments?

    Like

  4. 10
    jgm2 says:

    Dear Mr Ashcroft,

    I have set up a website called ‘ConservativeThings’. You can buy this off me for one million (ideally deposited in the Cayman Islands). At present it has no content, no readers and, truth be told, no website either. However it is much cheaper than the other politics-based websites you have bought so your losses will be limited to only one million.

    I will remain as a director (obviously) so there’ll be continuity of content (at present: none) going forward.

    Regards,

    jgm2

    Like

    • 23
      Moussa Koussa says:

      Dear Mr Ashcroft,

      I have set up a website called “NeoConNuts”. You can buy this off me for one million (ideally deposited in the Cayman Islands). At present it has no content, no readers and, truth be told, no website either. However it is much cheaper than the other politics-based websites you have bought so your losses will be limited to only one million.

      We currently have a staff of 5 interns, all 19 year old spotty types who sound like Gove the Gimp, all are hard working, but like to go home to daddy and mummies chateau in, as they call it, Foo-warnce. All worships Thatcher even though they were born after her demise. Grant, Mongo and Rups are keen bow tie wearers, while Hortensia and Cordelia, both recite “bear with”, “Ok Right”, “Daddy sends Harks” repetitively. All are excessively deferential to royalty, a quality I know you like.

      I will remain as a director (obviously) so there’ll be continuity of content (at present: none) going forward.

      Regards

      Like

  5. 15
    Moussa Koussa says:

    A Westminster Village thread….YAWN.

    No one give a fig about Ashcroft anymore, spent all that cash to fail to get a Neo Con majority… what a plonker

    Like

    • 16
      jgm2 says:

      Surely ‘Spent all that cash and got rid of Gordon Brown’.

      Hurrah.

      Labour lost.

      Get over it.

      Like

      • 22

        The poor sod does not get it. Let me try rephrasing it for him.

        Gordon Brown did not win. Gordon Brown has never won. Gordon Brown will never win. Gordon Brown is a loser. Gordon Brown is a calamity. Gordon Brown is toast. Gordon Brown is a failure. Gordon Brown is the world’s most spectacular failure. Gordon Brown is an ex-prime minister. Gordon Brown is no more. Gordon Brown never was. Gordon Brown will never be.

        Gordon Brown is the Titanic on stilts.

        Like

  6. 17
    Gordon Brown says:

    hypothetically speaking, does anybody know how to remove a paper clip from a japseye?

    Like

  7. 19
    Jimmy says:

    “past highlights of ePolitix’s coverage were a story “revealing that a major section of a speech delivered in the House of Commons by further education minister John Hayes had been lifted from Wikipedia“ and an article in defence of David Laws. Hold the front page!”

    If only they followed FiveLive phone-ins they could have had your “Lee” scoop.

    Like

    • 20
      jgm2 says:

      Labour lost.

      Get over it.

      Like

      • 24
        will says:

        All i can say is unlike the last labour government it is his money he is spending and not the taxpapers so he can do what he likes with it.

        Like

        • 27
          Icarus says:

          If he paid the proper tax on it -it would be the taxpayers!

          Like

          • jgm2 says:

            How can tax-payers tax belong to tax-payers?

            Tax is taken off taxpayers and given to the government who then piss it all away. And then some.

            Lord Ashcroft is 100% correct in keeping as much cash as possible out of the hands of government the better to encourage the government to make do with less in the first place.

            Like

          • Vince Cable says:

            I’m sorry, jgm2, but taxpayers who keep their own money are DIRTY ROTTEN THIEVES.

            Like

          • jgm2 says:

            No Vince. You are mistaken. Taxpayers who keep as much of their own cash as possible are patriots to the core.

            Like

          • Vince Cable says:

            jgm2, I am never mistaken. I was right about 3 of the previous 17 recessions I predicted, and I’m right about this.

            Keeping your own money is the height of selfishness. It should be handed over to the Exchequer, who can then give quite a lot of it to me.

            Like

        • 37
          Jimmy says:

          Hold that thought. He has an interesting few months coming up.

          Like

  8. 36

    The c u n t should have gone to specsavers

    Like

  9. 46
    Billy Bowden is the greatest umpire ever ! says:

    Like

  10. 49
    Spotty Lizard says:

    Oi, Guido, you took my comment down. I said:

    THE SELECT COMMITTEE MADE YOU LOOK LIKE A CLUELESS LITTLE BITCH

    Like

    • 53
      Neo-Guido says:

      no it got filtered out because you mentioned a banned word – a certain surname.

      Does the tin foil keep your head warm?

      Like

      • 57
        Spotty Lizard says:

        Oh — I had no idea that that surname was banned.

        Guido has come way down in my esteem. The public appearances have gone to your head — stick to the articles as you’re not cut out for broadcast, sun, either in looks or in ability to think on feet.

        I think Neo-Guido is great, by the way.

        Like

        • 58
          Spotty Lizard says:

          Tin foil would not keep one’s head warm — reflects all the sunlight away and conducts heat too easily.

          Like

          • jgm2 says:

            So Einstein, why do they give marathon runners a free tinfoil sheet to wrap themselves up in at the end?

            You were educated by Labour and I claim my (devalued) £5.

            Like

          • Spotty Lizard says:

            (1) that’s not an aluminium sheet — it’s a space blanket and is specially-designed to assist marathon runners in regulating their body temperatures;
            (2) the reflective surface of the space blanket points inwards, thereby reflecting the body heat back to the runner;
            (3) I was not educated by Labour;
            (4) you were not educated at all; and
            (5) that’s my £5, thanks.

            Like

          • jgm2 says:

            You really are very stupid if you think wrapping your head (or body) in aluminium foil wouldn’t have the same effect as a ‘space blanket’.

            http://en.wikipedia.org/wiki/Space_blanket

            In the US, space blankets are made by vacuum depositing a very precise amount of pure aluminum vapor onto a very thin, durable film substrate.

            I’m guessing you have ‘A’ levels in English, History and Drama. Certainly no sciences.

            Like

          • Einstein says:

            LOL well known Bigot and “expert” on everything, jgm2 well and truly p’owned by Spotty Lizard.

            Like

          • Gordon Brown says:

            I put tin foil on my seaside snacks to prevent my winkle vinegar from souring

            Like

          • Spotty Lizard says:

            Uh, nope, you’re the idiot. It’s the plastic substrate that makes all the difference, see, because plastic is much poorer than aluminium at conducting heat. Hence, the body heat is trapped within the space blanket, whereas the aluminium sheet would release it into the environment.

            I have a university science degree. You are doing yourself no favours here, fule.

            Like

          • jgm2 says:

            Welcome back Mr Salmond.

            Like

          • Spotty Lizard says:

            The scientific term, by the way, is “specific heat capacity”. Aluminium’s is about 50% of that of plastic, meaning that it takes more energy to heat plastic than it does aluminium. Meaning that aluminium conducts heat away from the body better than plastic does.

            The purpose of the aluminium on the space blanket is purely to reflect heat back to the body.

            Now go away.

            Like

          • jgm2 says:

            I too have a science degree.

            You do know that you can keep your food warmer for longer by wrapping it tin-foil don’t you? That’s because the tin foil reflects the heat back into the middle. If it conducted the heat away then you’d wrap things up in tin-foil in order to cool ‘em down quicker.

            Wouldn’t you?

            Same with a marathon runner. The ‘magic’ ain’t in the plastic. The ‘magic’ is in the reflective stuff.

            I’d ask for my money back on that ‘science’ degree pal.

            Like

          • Another Engineer says:

            In the interests of science, I will claim you are both right, and both wrong.

            It depends whether it is sunny or not.

            The external radiation temperature in the UK will usually be lower than your head as it is sunny less than 50% of the time. So the tinfoil will keep you a bit warmer. Though some proper insulation would work much better.

            If it is sunny then it will keep you cooler.

            The most important bit of the tin foil hat is whether it blocks out the mind control rays produced by the HAARP project.

            Like

          • Spotty Lizard says:

            Wow. That’s the most amazing scientific analogy and analysis I’ve ever heard. You must be very proud of that degree that you certainly have.

            Taking your food analogy, why is it that you wrap food like cheese etc in aluminium before you put them in the fridge? Is it too keep them warmer that little bit longer? No of course it isn’t.

            Like

          • Spotty Lizard says:

            That should, of course, be “TO keep IT warm”. Before idiot tries to redeem himself by correcting my grammar.

            Like

          • Tessa Tickles says:

            Well, I don’t have a science degree, but when I take a roast chicken out of the oven and I want to let it rest for a bit before carving, I wrap it in tinfoil to stop it getting cold.

            Like

          • Spotty Lizard says:

            Whoops — replied to the wrong box. See my helpful culinary tip below.

            Like

          • Einstein says:

            jgm2 your bigotry shines through even in your reply. You are clearly an idiotic, bigoted boor of the highest order.

            Like

          • jgm2 says:

            The same reasoning holds for wrapping things you want kept cold in aluminium foil. It’s because it (aluminium foil) basically operates like a flask. It keeps things inside at the temperature they were – for a bit longer. In this case reflecting the warmer outside temperatures away.

            In the case of a human body which is generating its own heat then wrapping yourself up in tin foil will tend to actually heat you up. Rather like being inside a giant flask.

            It wasn’t Sociology was it? You do know that’s not really a science don’t you?

            Like

          • jgm2 says:

            Ahhh. Mr Salmond. I see your projection is working you up into a right lather again. Why not go and post something about the ‘Inglish’ and let it all out?

            Like

          • Spotty Lizard says:

            “The same reasoning holds for wrapping things you want kept cold in aluminium foil. It’s because it (aluminium foil) basically operates like a flask. It keeps things inside at the temperature they were – for a bit longer. In this case reflecting the warmer outside temperatures away.”

            That’s utter genius. You put things into the fridge wrapped in aluminium foil because you want them to keep the same temperature that they were for a little while longer? Not only unscientific, but utterly illogical. Please just shut up.

            Like

          • Spotty Lizard says:

            “In the case of a human body which is generating its own heat then wrapping yourself up in tin foil will tend to actually heat you up. Rather like being inside a giant flask.”

            Come to think of it, why don’t you go try this. Right now. Go take your clothes off, wrap yourself in aluminium foil and stand outside. Please.

            Like

          • jgm2 says:

            You hopeless moron. You wrap the cheese in Aluminium so that when it comes out of the fridge the Aluminium will keep it cooler for longer.

            Do you work at being so stupid or is it a gift?

            Like

          • Spotty Lizard says:

            Hey, I’m just quoting you. I can’t help it if it sounds stupid.

            Like

          • Tessa Tickles says:

            Ta for the culinary advice, one and all. This has all been very informative.

            I am going to buy a book about physics.

            Like

      • 63
        Selohesra says:

        Banning words? – not really very libertarian :)

        Like

        • 89
          Dave Figgley says:

          Ha ha.

          Like

        • 92
          The Paragnostic says:

          Lots of words are caught by the modbot – pea, staines, harry and market to name just a few.

          Conversations regarding blonde rock chicks purchasing vegetables in Middlesex suffer, but because the modding is so sophisticated, we can discuss European matters and the common market to our heart’s content. Oh, hang on – we can’t.

          What drives someone to ban certain words is unknown.

          Like

        • 94
          B.S. Slinger, official spokesperson on all matters says:

          Guido must maintain a certain amount of decorum; mustn’t conflate liberty with licence. While it is true that Guido’s rules may be, shall we say, “idiosyncratic,” he nonetheless follows in the grand tradition of my publican father, whose rules were that the pub was as good as Hyde Park to expound on all subjects, save religion, politics, and the state of the barkeep’s marriage. In my youthful rebellion I have decided to flout these rules and become the foremost mouthpiece on all matters religious and political, but I still respect the one about not abusing the host’s hospitality.

          Like

        • 98
          Ivor Tapeworm says:

          What surname is banned? :)

          Or, more realistically, I ask you to please explain why a certain surname is banned…

          Like

      • 119
        Spotty Lizard says:

        Hey, I’m just quoting you. I can’t help it if it sounds stupid.

        Like

    • 91
      Spotty Lizard says:

      Tessa, it will keep the chicken from cooling down — for a few moments. Once the aluminium heats up, the heat starts radiating away from it (and therefore from the chicken) and the benefit of having it there is lost. You’d be better off covering it with aluminium AND an upper layer of clingfilm.

      Like

      • 101
        The Paragnostic says:

        Yes, because clingfilm will stop the radiative transfer from the foil really well, won’t it.

        The best solution is a loose covering with foil – the air gap between chicken and foil stops conductive transfer, while the foil reflects the radiated heat.

        Using clingfilm, you’ll just end up with sweaty chicken, which probably explains the low levels of intelligence among the left.

        Like

      • 101
        Another Engineer says:

        Nope. In air most heat is lost through convection. Radiation dominates only in a vacuum or with very large temperature differences.

        Aluminium foil is a very poor radiator – unless painted black. That’s the whole point. It will convect heat into the kitchen though.

        The point is that the foil isn’t very flat and traps an air blanket underneath, which acts as the insulator.

        Put the cling film away.

        Like

        • 106
          jgm2 says:

          That’s been my point all along. The conductivity nonsense is just that. The insulation comes from the trapped air and the aluminium reflects back the radiated heat.

          Hence an aluminium hat (or body suit) will tend to warm you up because of the trapped air and the reflective element of the Aluminium.

          Like

  11. 51
    nell says:

    Makes you wonder how these people become millionaires/billionaires in the first place when they throw good money after bad and with so little thought.

    Like

    • 55
      Anonymous says:

      Got to kiss a lot of frogs to find a prince?

      Like

    • 115
      Grumpy Old Man says:

      Ashcroft made his money because he thinks more than 5 minutes ahead – unlike HM Loyal (ha!) Opposition. Come back in 2014 and read Comment is Censored on Ashcroft’s control of political blogging.

      Like

  12. 64
    Gordon Brown says:

    Tonight I am taking Chinese lesson with my language master Hu Flung Dung

    Like

  13. 70
    Billy Bowden is the greatest umpire ever ! says:

    Headline: should George Osborne hang?

    Like

  14. 75
    Moussa Koussa says:

    When Gove The Gimp gets Minister of The Year from The Speccie…alarm bells should be ringing.

    Like

    • 90
      nell says:

      At least he’s fully implementing the Wolf Report that will see more of our kids coming out of school with core GCSE’s like English Maths and the Sciences rather than those worthless NVQ’s and BTEC’s in How to Claim Benefits that Bullyballs introduced when he was Education Minister.

      Like

    • 96
      Tessa Tickles says:

      Gove used to be very very very gimpy but I think he’s improved a lot, to the point where he almost resembles a normal member of the human race, so maybe he got the award for “improvement of the year”.

      Yvette Cooper has also improved a lot. My money’s on her being leader of the Labour party within 18 months.

      Like

      • 100
        nell says:

        If it’s a move likely to benefit the labour party than neither they nor the unions will do it. They are all about shotting themselves in the foot.

        Like

    • 113
      not a machine says:

      Sorry moussa , I think Gove has been more tory than most ,on this department , you should have visted some of labours (star awrded ) comps to see how bad some of them really were . We will know in few years time , he has yet to get everyone used to not getting an A , and the correction to the dumbing down . I also cannot think of anyone at the moment who would seem to be better than what he does .
      One parent I met was just pleased someone appeared to be in charge and cared about what her kids got in terms of teaching for 6hrs a day . The one thing perhaps he hasnt spent much time is helping parents come to terms with changes and new regeime , I suspect the standards of parenting have fallen , as little billy enjoys his 4 hrs Xbox death game as erm “destressing from brain mash school”.
      Unconcious fecklessness by parents may be a far more troubling ground , nothing worse that telling a child who has children of the need to change , they dont just have a sulk , they vote too………..

      Like

  15. 110
    not a machine says:

    I am not quite sure what to make of todays political iniatives , Dave getting business to award engineers was obviously good stuff , I amnot sure if smaller prizes for help with global rights and patents would be of equal use , but important none the less . Things for me got a little more unusual, Eds speech was bizarre in that yet again he seemed to think , the problems happening to the economy had nothing to do with what his government actually did to the economy ,my favourite bit was when he began to outline a sense of capitalism was wrong as “consumers became burdened with debt” funny I thought , I dont recall ed saying in 2004 when the ruin rigged his lending for anyone , election slpurge boom , I mean if so obvious now , why wasnt it then ?? I wasnt quite sure what he was trying to undermine , nor did he outline the sort of economy where what he thought was wrong ,would not in the eutopian sense not occure , it was packed full of pouting idealogical seduction (like his good and bad companies) of what he was on about , yet it missed if bad capitalism had formed on his watch , I am quite sure his speech be another limpit mine he cannot remove .
    George flogs Northern Rock , yet bad bank stays on gov books and £400mn loss of tax payers money is good value , EdM wants to question this , in some ways I can see the logic of the sale , NR chairitable foundation gets an extra year . In some ways It would be nice to think its some relief , but “good value” is double edged sword in selling below market price , and I am assuming he has done the necessary homework on it and that NR have been honest about its books , the home loans aspect of NR was pretty standard of poor risk, it was the commercial loans that beggard belief and some interesting purchases it had too………

    Green news : The planning reform shuffles on , yet the papers are now full of the planning applications realities , and I have a feeling of the OK coral is nearing , one I have found is for housing on greenbelt (on or in a lib dem constituancey) and one clear industrial site that is to be made into yet another supermarket (but with a few bits of service bling) If we are to have engineering or manufacturing return , I hope they have buildings to operate from . The town does not need another supermarket (nor is any proof offered it does) and yet it does need some cheap social housing . This is waht is rather worrying as it would seem we are getting a lot of new retail space in places that may need some housing , or forcing new housing to be on greenfield sites by imposing new retail , not really needed .
    The no recognition of if this is right or not is worrying , again no mention of how eco designed the new buildings will be . I am begining to wonder if there is a confidence this can be got away with , as with HS2 , and reasoned opposition marginalised , or poor contempatble answers given in this alleged new era of transparency and localism people power .If the pattern emerges of one of clever pushing of housing to greenfield sites , I suspect the person responsible will be on the media alot including the chancellor asking if he was really that correct on what he was doing .

    Like

  16. 118
    Laurie Penny says:

    YOU FUCKING RAPISTS

    Like


Seen Elsewhere

Ruffley Loses Confidence of Constituency | Guardian
Ruffley Under Pressure to Quit | Telegraph
Gove Launches Ruffley Probe | Staggers
Clegg Must Fire David Ward | Sun
David Ruffley’s Campaign Against Domestic Violence | Buzzfeed
LibDem Criticises Clegg Over Farage Debates | Express
Ruffley Must Go | Guardian
Political Correctness Breeds Extremism in Schools | Chris McGovern
Ruffley Faces Crisis Meeting | ITV
I Sang “Maggie Out” (When I Was 7) | Liz Truss
UKIP Have Learnt How to Street Fight | Dr Rob Ford


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