Encouragingly, CNN chief Mark Thompson says: “Some of that money’s going in product and tech, but a lot is also going into new high-quality journalism and storytelling."

Fraser says: "The prime minister said this week that he hates digital lies. Understandably so — but the truth, awkward or not, is the best tool of defence." IMO the 'truth' is increasingly less likely to matter when it comes to influencing public opinion. Massive implications for politics and #PR.