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Media
Telegraph to invest fifty million in digital
By CMU Editorial | Published on Monday 30 November 2009
There is much speculation as to what the Telegraph’s new digital division has planned, with the news last week that the broadsheet will invest a large sum of money – a reported £50 million – into its new digital venture, which will be housed in new offices in Euston, have its own staff of 50, and will be headed up by Editor In Chief Will Lewis.
Lewis is expected to focus the majority of his time into what is being dubbed the ‘Euston Project’, with his former deputy Tony Gallagher promoted to the role of Editor on the Telegraph itself. Lewis, who recently spent two months swatting up at the Harvard Business School, has confirmed that not only will his new division oversee all of the Telegraph’s existing digital operations – so it’s website, podcasts and whatnot – but it will also develop a number of new net and mobile-based products, a bit like Absolute Radio’s One Golden Square Labs.
But, the Guardian says, Lewis is being very “coy” about what those new products will be. It is very possible he doesn’t yet know.
