Business, Television industry, TikTok, YouTube, Media, Samsung, Ofcom, Inflation, FTSE, Sterling, Stock markets, Economics, Currencies Business | The Guardian
Live coverage of business, economics and financial markets as UK media regulator says streaming has brought steep fall in viewing of traditional televisionGood morning, and welcome to our live, rolling coverage of business, economics and financial markets.Only 48% of British young people watch broadcast television in an average week, the first time that the share has dropped below half, according to new data from regulator Ofcom.Gen Z and Alpha are used to swiping and streaming, not flipping through broadcast TV channels. They crave the flexibility, immediacy and choice that on-demand services offer, spending over three hours a day watching video, but only 20 minutes of live TV. It’s no surprise that the traditional TV is fast becoming a device of choice to watch YouTube.But while live TV may not have the universal pull it once did, its role in capturing those big moments that bring the nation together remains vital.In the second half of 2024, AI servers are expected to take up a larger portion of the (memory) market as major cloud service providers and enterprises expand their AI investments.10am BST: Eurozone inflation rate (July; previous: 2.5%; consensus: 2.4%)1:15pm BST: US ADP employment change (July; prev.: 150,000; cons.: 150,000) Continue reading…
Live coverage of business, economics and financial markets as UK media regulator says streaming has brought steep fall in viewing of traditional television
Good morning, and welcome to our live, rolling coverage of business, economics and financial markets.
Only 48% of British young people watch broadcast television in an average week, the first time that the share has dropped below half, according to new data from regulator Ofcom.
Gen Z and Alpha are used to swiping and streaming, not flipping through broadcast TV channels. They crave the flexibility, immediacy and choice that on-demand services offer, spending over three hours a day watching video, but only 20 minutes of live TV. It’s no surprise that the traditional TV is fast becoming a device of choice to watch YouTube.
But while live TV may not have the universal pull it once did, its role in capturing those big moments that bring the nation together remains vital.
In the second half of 2024, AI servers are expected to take up a larger portion of the (memory) market as major cloud service providers and enterprises expand their AI investments.
10am BST: Eurozone inflation rate (July; previous: 2.5%; consensus: 2.4%)
1:15pm BST: US ADP employment change (July; prev.: 150,000; cons.: 150,000)
