Press Gazette
As footfall in- tores plummets, Future is closing six titles including, rather ironically considering what every schoolchild is doing instead of schoolwork, the "Official Xbox Magazine." The other five titles have yet to be announced, according to "Press Gazette."
The Guardian
UK newspapers are set to lose GBP50m in digital ad sales because technology used to place advertising is often black listing any page featuring COVID-19, "The Guardian" reports.
The Times
The UK's major banks have all bowed to pressure from the regulator and agreed to not pay a dividend or distribute cash bonuses to senior staff. "The Times" reveals that the Prudential Regulation Authority wanted banks to enter the period of COVID-19 uncertainty in as strong a financial position as possible.
Press Gazette
The BBC has hit back at suggestions payment of the tv licence should be decriminalised by warning that such a move would cost it a billion pounds a year in lost revenue, "Press Gazette" writes.
BBC
British scientists are working with the NHS to develop an app that could track down people who have been near someone who has tested positive for COVID-19. The "BBC" explains the technology would track smartphones so their owner could be told if they are at risk. They stress that the system would be voluntary.
Campaign
March was the biggest ever month for supermarket sales. "Campaign" is reporting on Kantar figures that show sales were up 20% year-on-year as customers stocked up on food as Britain went into lockdown over COVID-19.
The Drum
"The Drum" reveals that advertising and marketing agencies are reaching out to staff working at home by offering yoga tips, medication sessions and virtual coffee breaks in a bid to promote good mental health.
Sky News
It will come as little surprise to advertising execs working from home, but "Sky News" can reveal that wine sales are rocketing in the UK and increased rates of drinking at home is likely to offset the loss in sales caused by clubs, bars, pubs, cinemas and theatres being shut.
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