John Plunkett is joined by director of broadcasting at City University Lis Howell and creative director of Folder Media, Matt Deegan. Together they discuss the week's top media stories, including the launch of a new pay-tv channel, ITV Encore.

On the way to Rebecca Nicholson's TV lair, the panel discuss the findings of the National Audit Office report into the BBC's failed Digital Media Initiative, the shutdown of people.co.uk and the fallout from the bizarre Daily Telegraph advert attacking Libby Purves.