Juliet Samuel – the artist formerly known as Emily Nomates – has landed a column at The Telegraph. Formerly of this parish, Juliet went on to City AM, The Times and was latterly at the Wall Street Journal. She is now back doing politics…
Guido is enjoying the squirming of the offshore elite as much as anyone – the Icelandic premier is a corker, the Putin case study is great, the Bollywood stars who make their millions from millions of poor Indians will find it hard to survive the reputational hit. All very enjoyable.
It is worth mentioning that most of the UK’s big media organisations shelter assets and cash flows offshore. Top of the hypocrites in this respect is The Guardian. They put their assets in the Caymans, and they used a Luxembourg tax shell designed by PriceWaterhouseCoopers to funnel cash flows beyond the reach of HMRC. They previously blamed the difficult economic environment for committing the sins for which they condemn others. This isn’t just hypocrisy, this is an insult to us all. The Guardian’s entire heritage is one of tax dodging, the original founding Scott Trust was itself a tax dodge. They have year after year avoided tens of millions of taxes…
Other media organisations using offshore entities include the Huffington Post – whose journalists criticised Amazon for doing the same. The owners of the Mail, News UK and The Telegraph also have various offshore tax-efficient structures. Facebook, Google and Guido are not UK-owned though in the latter groups’ cases they have at least never claimed to be in favour of clamping down on tax havens. Guido’s point is that the likes of the Guardian should practice what they preach, hold all their assets in the UK and pay all the taxes which will consequently arise.
Former Labour minister Tom Harris has been weighing up back Leave for the last few weeks – today we have his decision. The Telegraph’s newly-appointed resident Corbyn-basher has announced he will be running the Scottish Vote Leave campaign, firing off some tartan truth bullets this morning:
“Every week the UK sends £350 million to the EU. Scotland’s share is roughly a tenth of that – more than £1.5 billion per year. Just think what that money could buy here in Scotland – on schools, on our health service, repairing our roads – if it wasn’t being sent into the black hole that is EU spending”
They can take your money, will they take your freedom?
The Times, Telegraph and Independent all went for the same cliché headline, used to cover countless budgets and spending reviews before. The rest of the unpopular press following in the Indy’s footsteps is not a good omen for the Times and Telegraph…
If it’s a straight fight between Boris and Osborne on the Tory leadership ballot paper there is only one winner. The Telegraph have polled the heads of 50 Conservative associations and Boris is the preferred choice, though almost half are undecided. May is down on four after she backed Remain, and Sajid Javid languishes with just one association head supporter after his flip flop. Tory associations back Leave over Remain by 12 points, so Boris’ bravery is paying off and the Remainers are paying the price…
Evgeny Lebedev is expected to close the Indy and Sindy print editions as soon as tonight. Of the 150 full-time staff, just 20 or so look like they’ll moving over to the i paper. It will not be difficult for the owners to find voluntary redundancies. Many journalists at the Indy will be loathe to work for the much-derided, clickbait-obsessed online offering.
Meanwhile the Guardian is imposing 20% cuts, with staff warned in an email this morning that “As our staff costs are by far our biggest overhead, one outcome of the budgeting process may be that redundancies are proposed”. They are looking at 100 redundancies, and according to Beth Rigby they want to start with their “on leave” columnist Seumas Milne. He is in line for a £90,000 payout.
Media sources tell Guido that the Telegraph is set to announce a jobs cull next week. Print journalists there are furious at the dumbing down of content for their own ‘digital first’, Indy-style clickbait-based website. You will often find the exact same traffic-farming stories on the Telegraph site as you will on the Indy online. See the Telegraph’s “Man with two penises writes tell-all memoir” and the i100’s “The man with two penises has now written a tell-all memoir”.
The FT have some killer numbers:
“Fleet Street’s large newsroom may be unsustainable. The Times had 454 editorial staff at last count, The Sun 525, the Daily Telegraph 662 and The Guardian, following expansion overseas, 925.”
Online-only is the only option. The question now is how proprietors and executives will reconcile the trend for traffic-driving churnalism to the pay the bills with actual, old-fashioned journalism in the digital age. The future of journalism is specialism, the most profitable online media operations have focus, that generates specific audience demographics that can be packaged for advertisers at premium prices.
The paper of Bill Deedes has crossed the Rubicon and freed the nipple. Scroll down on this click-chasing article about “72 hour drug-fuelled sex binges” and readers of Her Majesty’s Telegraph are confronted with a stock photo of a lady whose arm doesn’t quite cover her modesty:
A change in policy, or was it a big boob?
The Telegraph’s Ambrose Evans-Pritchard, usually sound on economics, has endorsed the apocalyptic claims of EU sockpuppets Agra, exposed last week by Guido as being in the pay of Brussels, having pocketed over €200,000 in 2014 alone. The organisation has released a hyperbolic report titled “Preparing For Brexit”, claiming that 90% of farmers wouldn’t survive the loss of subsidies occasioned by EU withdrawal. Evans-Pritchard seems to accept this absurd exercise in EU spin however, and is at pains to state that the “Agra report is not a propaganda document. It is a detailed text, carefully researched, written for industry insiders. It is not to be dismissed lightly”. Really?
Readers will be pleased to hear that they can purchase Agra’s report for only £500 here. Despite having already paid for it via Euro-taxes…
UPDATE: Ambrose responds, sounds like he feels deceived:
The Telegraph has suffered an exodus of seasoned reporters yet there is good news on the horizon: the paper is hiring no fewer than five new “social media and search engine optimisation” staff. They will be working with “Director of Digital Media” Malcolm Coles to produce more of the Telegraph’s recent tepid Buzzfeed-style “trending news” content:
The hoax appears to have originated on French aviation blog RadioCocpit.fr. It managed to convince both the Telegraph and Mail that a pilot flying on patrol over the Greek island of Samos landed his plane on an abandoned Turkish airfield, hid it in a hangar, legged it to a hole in the wall, and withdrew €2,000 before scrambling his plane back into the sky.[…]
The press regulator has dismissed a spurious complaint brought against the Telegraph by Bill Emmott, ex-editor of the Economist. Emmott claimed in a long whinge that Toby Young’s review of his ‘Great European Disaster Movie’, a piece of swivel-eyed, pro-EU propaganda broadcast by the BBC last year, contained a string of inaccuracies. […]
Peter Oborne, who dramatically quit the Telegraph in February, will be rejoining the Mail according to sources at both papers.
The Daily Telegraph’s former chief political commentator cited the troubled broadsheet’s coverage of the HSBC banking scandal – or lack thereof – in a well timed career move.[…]
The Telegraph’s Science Editor, Sarah Knapton, seems to be having a bit of fun at the expense of the people of Hull today. In an article titled “Will Hull still exist in 100 years?” Knapton reports on remarks made by the head of policy at the Town and Country Planning Association, Hugh Ellis, repeating without question his claim that “the science tells us” the sea level will rise by at least 120cm in the next century.[…]
The Telegraph have outdone themselves today with the spectacularly misleading article “Scientists convinced of tie between earthquakes and drilling – Rapidly mounting evidence points to fracking and drilling causing quakes.” The piece about fracking in the US is helpfully illustrated with a picture of the Grange Hill shale gas rig Blackpool…
A quick scan through the article reveals that scientists blame waste water injection NOT fracking for the increase in minor earth temors.[…]
The Telegraph ran a bizarre article last week, claiming that the “the scariest thing about global warming” is “giant, super-fast spiders“:
“Forget floods, droughts, sea-level rise and even the melting polar ice caps. Here’s a really compelling reason to worry about global warming.