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

Shadow Education Secretary Angela Rayner:

“We have no plans to write off existing student debt.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Watch: Best Maiden Speech of 2017 Intake Watch: Best Maiden Speech of 2017 Intake
Child Protection Investigation ‘Stalled to Help Labour’ Child Protection Investigation ‘Stalled to Help Labour’
Davis Accepts Donations from Top Blairite and TV Remainer Davis Accepts Donations from Top Blairite and TV Remainer
BBC #NotOnTheList Stars Paid Via Production Companies BBC #NotOnTheList Stars Paid Via Production Companies
Pants-Wearing Councillor Boasted He Had “Vaz in My Right Pocket” Pants-Wearing Councillor Boasted He Had “Vaz in My Right Pocket”
Champion: ‘Not Possible’ to Keep Student Debt Promise Champion: ‘Not Possible’ to Keep Student Debt Promise
BBC Rich List Revealed: Salaries In Full BBC Rich List Revealed: Salaries In Full
Torbynista Greening Loses Fight for New Money Torbynista Greening Loses Fight for New Money
New Labour Spinner Boasted of Bullying Angela Eagle New Labour Spinner Boasted of Bullying Angela Eagle
Remainers Behind Smears and Negative Briefings Remainers Behind Smears and Negative Briefings
Sunday Shows Sunday Shows
Byline Fined For Defamation in First Impress Ruling Byline Fined For Defamation in First Impress Ruling
Freedom From Abuse Not Abuse of Freedom Freedom From Abuse Not Abuse of Freedom
Milne & Blonde Pictured in Restaurant Milne & Blonde Pictured in Restaurant
Corbyn Spends Evening With Assad Loving Genocide Denier Corbyn Spends Evening With Assad Loving Genocide Denier
Osborne Defends Blackrock’s Investment on Front Page Osborne Defends Blackrock’s Investment on Front Page
Taylor Review Hijacked by Union Sock Puppets Taylor Review Hijacked by Union Sock Puppets
Assange Lawyer Named as Milne’s Mystery Blonde Assange Lawyer Named as Milne’s Mystery Blonde
The Great Fairtrade Scandal The Great Fairtrade Scandal