HSBC is calling a social media review in the UK. "Campaign" reveals that J Walter Thompson, Ogilvy, Weber Shandwick and Side Show are all competing for the business and that We Are Social, the incumbent, declined to re-pitch.

Culture Secretary Matt Hancock has given Reach's bid for Express Newspapers the green light. Press Gazette reveals that the GBP127m offer from Trinity Mirror (now rebranded as Reach) will face no further regulatory hurdles.

Facebook will begin to allow groups to charge monthly membership fees, "The Telegraph" reports. The idea is that groups offering advice and insight could charge users for access. At present Facebook would not be taking a cut, but it is believed that it may do so if the new paid membership idea is successful.

MediaTel is reporting from the front line on London agencies' bid to be the fittest in the UK. The shop judged to be the fittest by the Freedman International industry-wide fitness challenge (FIT) will win a ten-day trip to Rwanda to help build a school, in support of the charity Action Aid.

Disney is promising to run Sky News for 15 years with GBP100m of funding per year if the channel were to be sold to the US entertainment giant, Press Gazette reports. Selling the news service to Disney is the most obvious way for Murdoch to get around the media plurality issues surrounding his proposal to buy the 61% of Sky that he does not already own.

The boss of children's charity the NSPCC claims that social media firms use kids like drug barons. In an interview with "The Telegraph" he reveals that he is "fed up" with trying to deal with companies that make their living from young people but have little regard for the safety online.

As the EU prepares to debate a new law that would prevent internet providers from making copyrighted imagery and text available for memes, online campaigners are fighting back with a series of memes opposing the move, "The Telegraph" writes.

Speaking at Cannes yesterday P&G's top marketer, Marc Pritchard, warned digital marketers their top enemy was disruption, and one of the best ways to be in the game is to not only work smarter but to cut out waste. Pritchard revealed this drive to reduce waste lies behind P&G cutting GBP200m a year from its global advertising budget, "Marketing Week" reveals.

AMV BBDO has won the Cannes Lions Design Grand Prix for its work exposing the size of problems of plastic entering the ocean. The "Trash Isles" campaign was designed for LadBible and pointed out that plastic islands are forming in the Pacific Ocean, "Campaign" reports.

The humorous "We're Sorry" ad in which KFC rearranged its name to "FCK" to apologise for running out of chicken in many UK restaurants has won Gold in the Cannes Grand Prix print awards, "Campaign" reveals.