For the 12 months to 2 April 2017, GMG posted a profit loss of £44.7 million, compared to the £68.7 million recorded in 2016.

Ffitch joins from Telegraph Media Group where he has been director of advertising revenues for the past 18 months.

McCall replaces Adam Crozier who stepped down at the end of June after seven years at the helm of the UK’s biggest free-to-air commercial broadcaster.

Global consumers will spend an average of 47.4 minutes a day viewing videos online this year, up from 39.6 minutes in 2016, according to Zenith’s Online Video Forecasts 2017.

Key Capital Partners has taken a significant minority stake in the independent performance media agency.

Channel 4’s corporation revenue reached a record £995 million in 2016, according to its latest annual report. However, the broadcaster made a pre-tax loss of £15 million after dipping into cash reserves.

Speaking at a debate at the House of Commons on Monday, Professor Charlie Beckett said news publishers need to “get it into their heads” that they do not have a right to exist and advertisers have a right to go elsewhere.

In a statement released on Monday (10 July), the NMA said it wants publishers to be able to have concrete discussions with Google and Facebook on business model solutions.

The news follows FirstGroup, and its partners MTR, winning the contract to operate the South Western rail franchise.

The publisher has announced two new senior appointments across six of its brands as it merges its Lifestyle & Homes titles into a new division.