Marketing Week
It may have been a while since any of us got on a bus, but "Marketing Week" has an interesting story on how Transport for London (TfL) spent GBP6m on improving the service is bus drivers offered to travellers, resulting in what is believes is an extra GBP13.5m in revenue.
ITV News
The Duke and Duchess of Sussex have informed four tabloids they will have 'zero engagement' from the royal couple. "ITV News" reveals "The Sun," "Daily Mail," "The Express," and "The Mirror" have all been told there will no be corroboration on any topic with Harry and Meghan.
The Telegraph
The Chancellor has launched a scheme to help British start-ups get through the COVID-19 lockdown. As "The Telegraph" explains the new scheme will allow start-ups to take out loans, up to GBP5m, which if left unpaid will be turned into equity. The paper points out that this could provide a lifeline to many but also risk leaving the tax payer with worthless investments in failed companies.
Campaign
Cannes Lions is launching a global creative platform, called Lions Live, that will run throughout June, allowing adland to network and share views as well as receive free insights and talks for industry leaders, "Campaign" writes.
Press Gazette
A preliminary hearing on the Duchess of Sussex's legal action against the "Daily Mail" will take place next week via remote link, "Press Gazette" reports. The Duchess is suing the British tabloid for printing parts of a private letter she sent her father prior to her wedding.
Press Gazette
News UK has asked staff to volunteer to take unpaid leave, "Press Gazette" writes. The publisher of "The Times" and "The Sun" has not yet furloughed staff.
City A.M.
Future Publishing has competed its GBP140m purchase of TI Media, whose titles include "Country Life" and "Marie Claire UK", according to "City A.M."
Campaign
"Campaign" is reporting on research that suggests the finance bosses at the UK advertising agencies are bracing for an expected 20% drop in revenue to the COVID-19 lockdown.
Press Gazette
"Press Gazette" has added up the numbers and concluded local and national newspapers have put around 2,000 staff members on furlough. The site believes most, at the moment, are non-editorial staff.
The Drum
Sir Martin Sorrell has predicted Q2 will be a "bloodbath" that will prompt many private equity companies to decide agencies would perform better if they were not held within massive holding companies, "The Drum" reports.