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…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

According to the Mail, when Tory MP Marcus Fysh called Venezuela a ‘socialist experiment gone wrong’ at PMQs, Jeremy Corbyn mouthed:

“What a complete w*nker.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Snow Storm: Anchor Called Out on Live TV Snow Storm: Anchor Called Out on Live TV
Snow Such Thing as Impartiality Snow Such Thing as Impartiality
Lefties Duped by ‘Why Socialism Works’ Lefties Duped by ‘Why Socialism Works’
Select Committees Runners and Riders Select Committees Runners and Riders
Meltdown After Nuclear Power Plant Holds Bikini Contest to Choose Interns Meltdown After Nuclear Power Plant Holds Bikini Contest to Choose Interns
DUP Deal Signed DUP Deal Signed
Watch: McDonnell on Grenfell ‘Murder’ Watch: McDonnell on Grenfell ‘Murder’
Sunday Shows Sunday Shows
The Economist’s Lack of Intelligence Unit The Economist’s Lack of Intelligence Unit
Happy Independence Day! Happy Independence Day!
Sun Cleared by Hospital Sun Cleared by Hospital
Exporters Order Books at 29 Year High Exporters Order Books at 29 Year High
Corbyn Refuses to Bow to The Queen Corbyn Refuses to Bow to The Queen
McDonnell Repeatedly Backed Far Left ‘Day of Rage’ Group McDonnell Repeatedly Backed Far Left ‘Day of Rage’ Group
“Soft” and “Hard” Brexit Terms Obsolete “Soft” and “Hard” Brexit Terms Obsolete
Hammond’s “Sound Money” Speech Sadly All Spin Hammond’s “Sound Money” Speech Sadly All Spin
Tommy Robinson Called British Muslims “Enemy Combatants” Tommy Robinson Called British Muslims “Enemy Combatants”