Dividing the media will help it to conquer



"Fragmentation" of the media, which can be troubling for companies in developed markets, presents an opportunity for Middle Eastern operators to fix some of their biggest problems, industry experts said yesterday. Fragmentation is the term used by media experts to describe the splitting of media into multiple platforms such as the internet, mobile phones and satellite dishes, among others. In the past, media were coralled into single platforms such as newspapers, terrestrial TV and radio, where advertisers could reach mass audiences.

"Digital is an opportunity exactly because it will fragment the audience," said Karim Sarkis, the executive director of broadcast at the Abu Dhabi Media Company (ADMC). "It allows us to go back and address individual markets and extract value from those individual markets based on measurable performance." ADMC is the owner and publisher of The National. Middle East television stations have been trying for years to figure out a way to slice up the region's audience so they can make more money from advertising. Sam Barnett, the chief operating officer and general manager of MBC Group, which runs several of the top-rated television channels in the Arab world, said one possibility could be to break up the pan-Arab satellite beam into smaller beams covering individual regions, such as the Gulf or the Levant.

But he, too, was more interested in the possibilities the internet and mobile media offered in addressing one of the core problems of the Middle East television industry. "We get 106 million viewers a day on one of our channels but we are only able to monetise a small number of those." But while media companies want to localise their digital products in the Arab world, telecommunications operators are imploring them to collaborate to create content that is tailor-made for the Web.

"What we need from the media partners is not only a matter of creativity, it's commercial creativity," said Ali al Ahmed, the group chief strategy officer for Etisalat, the biggest UAE-based telecommunications operator. "What we need really is that if we open more pipes, open more windows, I believe there's no skills yet right now to put that content in those new windows." Osman Sultan, the chief executive of du, the UAE's second-largest telecoms operator, said the region needed to take a "leap of faith" to rise in the digital age.

"There is not one single digital destination in every Arab country that comes from the Arab world," Mr Sultan said. "Is the Middle East going to miss this digital era? We missed the steam revolution and the industrial era. We buy technology, we use technology but we do not develop technology." @Email:khagey@thenational.ae dgeorgecosh@thenational.ae

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WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

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'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
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The Intruder

Director: Deon Taylor

Starring: Dennis Quaid, Michael Ealy, Meagan Good

One star

Arctic Monkeys

Tranquillity Base Hotel Casino (Domino) 

 

Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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UAE currency: the story behind the money in your pockets
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Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

Tu%20Jhoothi%20Main%20Makkaar%20
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding