MSE Discussion: MoneySavingExpert.com to join the MoneySupermarket.com group

DelBoyPhil

purple.sarah wrote: »

From The MoneySavingExpert.com Editorial Code:

"15. Any personal data about individual users, including contact details, gathered while operating MoneySavingExpert.com shall not be sold to third parties or used for the purposes of communications from MoneySupermarket.com (including via email). "

But if they breech that then they have to pay ML a 7 figure amount and lose his name.

Whooppppppy dooooooooooooooo

terra_ferma

purple.sarah wrote: »

From The MoneySavingExpert.com Editorial Code:

"15. Any personal data about individual users, including contact details, gathered while operating MoneySavingExpert.com shall not be sold to third parties or used for the purposes of communications from MoneySupermarket.com (including via email). "

it's worthless and I assume has no legal value.
MSE and MS will be one company, not a third party. Data will be owned and stored by MS, they will share the same infrastructure and I expect one single database with all details, filed under MS or MSE.
MS will be responsible for the data, under the Data Protection Act. They may choose not to use the details to contact people directly (which would be a major pr disaster I expect), but the data is THEIRS.
PS they won't be handing anything to anyone, it will be ONE company

terra_ferma

Martin says:

My hope is doing this deal will free me up from some of the behind the scenes work to devote more energy to MoneySaving and campaigning on issues such as Reclaim PPI for free, Campaign for Financial Education, Mental Health and Debt, Council Tax Rebanding and Payday loan regulation.

StaffsSW

Plushchris wrote: »

Not read the "three year editorial code contract" then?

Yes, and I noted this telling comment within it...

On completion, Martin Lewis will become an employee of the enlarged group and his role will be editor-in-chief of MoneySavingExpert. As editor-in-chief he will lead the editorial team of MoneySavingExpert following completion. As a shareholder of MoneySupermarket.com, it is intended that Martin Lewis's interests and those of the Group will be aligned.

Read into that what you will, but when coupled with this quote from the same press release, it doesn't take a genius to work out what the plan is.

Growing MoneySupermarket.com's direct-to-site revenues and improving MoneySupermarket.com's customer experience

terra_ferma

Growing MoneySupermarket.com's direct-to-site revenues

this bit makes me think that they've bought it to save the affiliate commission (60% of £15m someone was saying?), the rest can only come from direct traffic from MSE to MS?

mdattwood

Well done Martin and good luck to you. You've saved me thousands and I think you have left the site in good hands. Go enjoy and continue the great work to educate kids in financial matters. If everyone become half decent in financial matters we could get rid of 90% of the parasites in the Financial Services Industry.

The_pc_tech

terra_ferma wrote: »

this bit makes me think that they've bought it to save the affiliate commission (60% of £15m someone was saying?), the rest can only come from direct traffic from MSE to MS?

Thatt's exactly what they have bought it for terra firma.

Farzackerly

nilrem wrote: »

I like this forum very much, some good people give their time freely and willingly to help others and I have received good advice here.

However I don't like what has happened though I shall continue to post and read here, I hope the spirit of the forum stays.

I don't blame Martin Lewis for selling, Had it been me I would have sold for a lot less and take an easy life!

It's a shame it's been sold though.

Exactly what I was about to write.
For me, the value of the site is in the members' contributions and I hope they continue in the same vein. MS can go hang, as far as I'm concerned. They will never get a penny of my money anyway, since I'm in Ireland

Lotus-eater

I've just had a look at the van insurance advice on the main site.

Four comparison sites were listed, three have a star next to the link which means they pay for the person to link to it and MS doesn't, which means they don't help finance the site, according to the blurb at the bottom of the page.

I don't know if this has been changed since the announcement.

Firstly I'm surprised that all of them pay for the click through links, secondly I'm unsure if MS just wanted to save the money it was paying MSE, then why didn't they just stop the payments? According to Martin, it would have made no difference to the way MSE treated each company.

Are the other companies going to be happy paying a site owned by a competitor to have their links on it?

I am seeing why it was never made public how much each company paid for a link and why Martin went to lengths to conceal how much MSE was earning, instead almost pleading poverty sometimes, as it cost so much to run.

DelBoyPhil

Lotus-eater wrote: »

I've just had a look at the van insurance advice on the main site.

Four comparison sites were listed, three have a star next to the link which means they pay for the person to link to it and MS doesn't, which means they don't help finance the site, according to the blurb at the bottom of the page.

I don't know if this has been changed since the announcement.

Firstly I'm surprised that all of them pay for the click through links, secondly I'm unsure if MS just wanted to save the money it was paying MSE, then why didn't they just stop the payments? According to Martin, it would have made no difference to the way MSE treated each company.

Are the other companies going to be happy paying a site owned by a competitor to have their links on it?

I am seeing why it was never made public how much each company paid for a link and why Martin went to lengths to conceal how much MSE was earning, instead almost pleading poverty sometimes, as it cost so much to run.

Yes, Martin Lewis has told the members a lot of BS. I hope the cashback stuff comes out too soon. I remember martin doing deals with rpoints etc. back about 6 years ago.. he made a lot over that.

The issue is that some of the idiot members will follow martin and do what hes says. I noticed on MS some of the over priced deals..