Daily Press Summary | Wednesday 17th October 2018

Over-75s face losing free TV licences in BBC cost-cutting
The BBC is preparing to scrap or restrict free television licences for people aged above 75 after publishing a study showing that pensioners are becoming richer.
The Times (£)

Global swooped ahead of Ocean to buy Exterion Media
Sources said Ocean was in ‘advanced talks’ to acquire the OOH company.
Campaign (£)

Global’s Exterion deal: A potential watershed?
Kinetic UK’s John Davidson shares his views on what Global’s acquisition of Exterion means for the media industry.
Mediatel

Bellwether: Brexit takes its toll on marketing budgets
The ongoing chaos surrounding Brexit has led to the weakest growth in total marketing budgets since the fourth quarter of 2015, according to the latest IPA Bellwether report.
Mediatel

Netflix shares soar as it announces 6.96m new members
New member total is record for the quarter and ahead of analyst expectations, erasing fears that growth has slowed.
Guardian

YouTube outage: video service down for hours before being restored
Google-owned streaming service confirms issues affecting its services over Tuesday night.
Guardian

Twitter admits it’s a teenage turn-off
Twitter has admitted that its service is “not attractive” to young people as it seeks to persuade MPs that regulation of social media is unnecessary and could be counterproductive.
The Times (£)

Where is Chris Evans today as he misses BBC Radio 2 Breakfast Show again?
Chris Evans has been missing from his Radio 2 Breakfast Show all week.
Metro

Facebook tool makes UK political ads ‘transparent’
From today, if you want to advertise a political cause on Facebook in the UK, you’ll have to obey new rules.
BBC News

Spotify’s ‘distressing’ horror ad banned for targeting children online
Spotify’s foray into horror through advertising has been banned by the Advertising Standards Authority for being “unduly distressing” and irresponsibly targeting children online.
Campaign (£)

UK stations line-up for International Radio Festival
BBC Radio 1, BBC 1Xtra, Jazz FM, MiSoul, Fun Kids, United DJs, Hits Radio and Flex FM are just some of the radio stations taking part in the International Radio Festival in Malta this year.
Radio Today