RedBird boss describes failed Telegraph takeover as ‘a shame’ in first comments since deal collapsed

Raad said that while it was not his place to comment on UK politics, policymakers had changed the rules when the deal was almost complete. (AMF/File)
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Updated 28 May 2024
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RedBird boss describes failed Telegraph takeover as ‘a shame’ in first comments since deal collapsed

  • Rani Raad says failure of bid, blocked by UK legislation banning foreign governments from owning national newspapers, would weaken the publication’s brand
  • His Abu-Dhabi-backed investment group is now focusing on selling the titles at a premium and looking at other opportunities

DUBAI: Rani Raad, the CEO of RedBird International Media Investments, described the collapse of the Abu Dhabi-backed company’s takeover bid for British newspaper The Telegraph as “a shame” and said it will ultimately weaken the publication’s brand.

In first public remarks since the deal floundered in April, he told Al Arabiya’s Hadley Gamble, during a conversation at the Arab Media Forum in Dubai on Tuesday, that RedBird had effectively taken charge of The Daily Telegraph, the Sunday Telegraph and The Spectator magazine in December after repaying a $753 million debt owed by owners the Barclay family to Lloyds Bank.

However, finalization of the deal collapsed as a result of UK legislation prohibiting foreign governments from owning British national newspapers.

“In an ideal world I would be sitting in front of you all saying, ‘We own The Telegraph,’” Raad said. “Not only would that be good for us and our portfolio but also good for the people working in paper.

“My fear is what happened in The Telegraph ultimately is something that would cost the paper and its employees more, and the UK government more, than any of us over here.”

Raad said that while it was not his place to comment on UK politics, policymakers had changed the rules when the deal was almost complete, with negative effects on the promotion of inward investments.

“Last year alone, the UK lost 1,200 journalists,” Raad said. “For whatever reason, whether xenophobia or party politics, it was a shame the way it played out.”

He added that the group is now focusing on the sale of The Telegraph and The Spectator for a premium, and he remains optimistic about a successful outcome.

“We will make our money back, and then some, and move on to other markets and focus on other opportunities,” Raad said. “Our only regret, in hindsight, is the timing could have been better crafted.”

He also shared his views on the decline of CNN, and the wider American network television industry, which recently hit a 30-year low in primetime ratings. He spent 25 years at CNN International Commercial, including serving as its president, and believes the news brand should not be counted out just yet.

“RedBird IMI was established in partnership with former CNN CEO Jeff Zucker, alongside partners in Abu Dhabi and Gerry Cardinale in New York. We wanted to focus on news and a new transition,” Raad said.

“What they (CNN) are dealing with is just a situation whereby the sector is going through drastic transformation. They are learning how to serve a new audience and demographic. There is potential for reinvention and growth.

“CNN is a very, very powerful news brand globally. Ultimately, if they find a way to make that transition, to talk to a broader demographic, it’ll be here for a long, long time.”


Anime favorite ‘Grendizer U’ returns to Riyadh after 40 years

Updated 05 July 2024
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Anime favorite ‘Grendizer U’ returns to Riyadh after 40 years

  • Premiere of rebooted series held at Roshn Front cinema
  • Japanese writer Ichiro Okouchi thanks ‘fans around the world’

RIYADH: The world premiere of Manga Production’s rebooted anime series “Grendizer U” was held in Riyadh on Thursday, more than 40 years after it first appeared in the Arab world.

The launch event at the Roshn Front Vox Cinema was attended by Ichiro Okouchi, who wrote the new series, and Essam Bukhari, CEO of Manga Production Co., an affiliate of the Mohammed bin Salman Foundation, which holds the global distribution rights for the show.

The Saudi capital features heavily in the opening episode.

“Thanks to our fans around the world, we were able to produce the new ‘Grendizer U’ and show it to you today,” Okouchi said.

“That’s why we decided to start our new story here in Riyadh. Paris, Rome and other cities and locations will be present in the series.”

He said the writers and producers wanted to present the series “in a new and distinct way from the old version”.

“We hope that the work this time will be admired by generations, so that parents, children and all family members can enjoy it together,” he said.

“Grendizer U” launches in Japan and across the Middle East on Friday, with the first episode airing on MBC at 8:30 p.m. All subsequent episodes will be shown exclusively on Shahid.

Bukhari said: “Okouchi was very amazed by the audience today and how Saudi fans are really in love with Grendizer.”

The two teasers for the new series had been viewed more than 100 million times, he told Arab News.

“I think this proves the capabilities of Saudi talents and how they can work with the world, cooperate with the world and at the same time compete with our original work in the global market.”

Manga has collaborated with Shahid on several productions, including “The Journey,” which is one of the most viewed movies on the platform, and the series “Legends in the Coming of Time” and “Captain Tsubasa.”


Reporters Without Borders says targeted by Vivendi PR firm

Updated 05 July 2024
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Reporters Without Borders says targeted by Vivendi PR firm

  • RSF accused Vivendi’s Progressif Media of running a “vast disinformation campaign” against them, including false lookalike websites and discrediting messages

PARIS: Reporters Without Borders (RSF) on Thursday accused a PR firm with links to French billionaire conservative Vincent Bollore of orchestrating a “vast disinformation campaign” against it.
The Paris-based NGO, known for its work in defending press freedom around the world, said the PR firm, Progressif Media, had set up false websites made to look like that of RSF.
It also sent out messages on X to discredit RSF, the NGO said.
The fake sites included content accusing RSF of trying to censor CNews, the country’s most popular news channel that is regularly accused of promoting far-right views.
Progressif Media, RSF found, is part-owned by Bollore’s telecoms conglomerate Vivendi, and is based on the same premises.
Vivendi also owns CNews and several other news organizations that are seen as shifting France’s media landscape to the right in recent years.
Vivendi, which denies political bias in its news outlets, told AFP it had “no knowledge of possible illegal practices attributed to Progressif Media by RSF.”
However, a spokesperson confirmed Progressif Media had been deployed by a part of its media empire “to counter certain arguments about CNews.”
“We will see what happens next, what choices Vivendi will make now that the facts have been exposed publicly,” said Arnaud Froger, head of RSF investigations.
CNews launched in 2017 and is often compared to Fox News in the United States.
According to RSF, the campaign came shortly after it made a formal complaint calling for stricter oversight of CNews.
Following RSF’s complaint, media regulator Arcom was instructed in February to tighten control over TV and radio stations to ensure balanced political coverage.
Bollore, known for having conservative views, has been gradually buying up many of the most important media companies in France, including film producers Canal+, Paris Match magazine and Europe 1 radio.


Pakistan’s Punjab seeks social media ban on security concerns

Updated 05 July 2024
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Pakistan’s Punjab seeks social media ban on security concerns

  • A request has been made to impose a temporary ban during Muharram’s Ashura processions, a 10-day mourning observance by minority Shiite Muslims
  • The measure is aimed at protecting the minority from sectarian violence

LAHORE: Pakistan’s largest province of Punjab is proposing a ban on all social media platforms for six days due to security concerns during thousands of religious processions which start next week, its information minister Uzma Bukhari said on Friday.
The proposal relates to Muharram’s Ashura processions, 10 days of mourning by minority Shiite Muslims. The event is the holiest in the Shiite calendar and commemorates the 7th century death of political and religious leader Hussain Ibn Ali.
Hussain was grandson of the Muslims’ last Prophet Muhammad.
“It is a recommendation, and no decision has so far been taken,” Bukhari told Reuters, adding that the government had received reports of some sectarian issues on social media which he said could “put the country on fire.”
The measure is aimed at protecting the minority from sectarian violence, the provincial government wrote in a letter to Pakistan’s interior ministry on Thursday.
The letter, which was seen by Reuters, said social media platforms such as “Facebook, WhatsApp, Instagram, YouTube, Twitter and Tiktok be suspended across the province of Punjab ... in order to control hate material/misinformation.”
The interior ministry did not respond to a Reuters request for comment.
Pakistan has blocked access to X since its February election, which the interior ministry said in a court submission in April was due to national security concerns.
Civil and rights groups have criticized the ban as an attack on freedom of speech and access to information in a highly polarized country amid allegations of election fraud.
Jailed former Prime Minister Imran Khan’s party has said that the suspension of cell phone service on the election day followed by the X ban was an attempt to hurt his supporters, who rely heavily on social media.
A court is due to rule on the last of Khan’s many convictions on July 12, the first day of the latest proposed ban. It was not clear whether the proposal is related to any likely threat of protests by his supporters.


OpenAI’s internal AI details stolen in 2023 breach, NYT reports

Updated 05 July 2024
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OpenAI’s internal AI details stolen in 2023 breach, NYT reports

  • Hacker lifted details from discussions in an online forum where employees talked about OpenAI’s latest technologies, says report

A hacker gained access to the internal messaging systems at OpenAI last year and stole details about the design of the company’s artificial intelligence technologies, the New York Times reported on Thursday.
The hacker lifted details from discussions in an online forum where employees talked about OpenAI’s latest technologies, the report said, citing two people familiar with the incident.
However, they did not get into the systems where OpenAI, the firm behind chatbot sensation ChatGPT, houses and builds its AI, the report added.
Microsoft Corp-backed OpenAI did not immediately respond to a Reuters request for comment.
OpenAI executives informed both employees at an all-hands meeting in April last year and the company’s board about the breach, according to the report, but executives decided not to share the news publicly as no information about customers or partners had been stolen.
OpenAI executives did not consider the incident a national security threat, believing the hacker was a private individual with no known ties to a foreign government, the report said. The San Francisco-based company did not inform the federal law enforcement agencies about the breach, it added.
OpenAI in May said it had disrupted five covert influence operations that sought to use its AI models for “deceptive activity” across the Internet, the latest to stir safety concerns about the potential misuse of the technology.
The Biden administration was poised to open up a new front in its effort to safeguard the US AI technology from China and Russia with preliminary plans to place guardrails around the most advanced AI Models including ChatGPT, Reuters earlier reported, citing sources.
In May, 16 companies developing AI pledged at a global meeting to develop the technology safely at a time when regulators are scrambling to keep up with rapid innovation and emerging risks.
 


Dubai Media announces partnership with media tech company NEP Group

Updated 04 July 2024
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Dubai Media announces partnership with media tech company NEP Group

  • Initiative will grow Dubai Media’s logistical and technical capabilities

LONDON: Dubai Media on Thursday announced a new partnership with the US media technology company NEP Group, the latest strategic initiative for the media sector in the region.

The collaboration aims to enhance cooperation and exchange expertise in various media service fields, including bolstering logistical and technical capabilities and advancing the development of the media content industry.

“Through its diverse TV and radio programs, Dubai Media seeks to develop the media content industry, which is currently one of the fastest-growing media sectors,” said Saleh Lootah, deputy CEO of technical support at Dubai Media.

Lootah said that the initiative is part of significant efforts to enhance the organization’s capabilities and logistical capacities, and to develop in-house talent “to produce high-quality media content that meets Dubai’s and the UAE’s major developmental aspirations.”

The memorandum of understanding, signed on the sidelines of the 22nd edition of the Arab Media Forum in May, aims to strengthen cooperative relations between the two parties.

Lootah explained that the new partnership will focus on using digital tools, technology and human resources provided by NEP Group to support Dubai Media’s external broadcast operations within and outside the UAE.

This will help fulfill the strategic goal of establishing Dubai as a leading global content creation center, he added.

Saeed Izadi, president of NEP Singapore, India and Middle East, said that the partnership will bolster Dubai Media’s commitment to advancing the media sector and positioning Dubai as a premier global hub for content creation.