Tag Archives: Northcliffe Media

Northcliffe: The limits of cost-cutting


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It’s groundhog day at Northcliffe Media. Steve Auckland, the new managing director, laid out his priorities today in an interview with The Guardian: Reducing the number of days on which some loss-making titles publish. The possibility of newspaper closures. Increased autonomy (“I’m trying to do away with the corporate stuff and getting the editors and [...]

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Exclusive: DMGT to launch Groupon rival


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Associated & Northcliffe Media, the consumer arm of Daily Mail & General Trust, is preparing to launch a competitor to US-based discount voucher site Groupon. According to a source familiar with the project, DMGT is currently working on final builds of its “daily deals” platform. DMGT is expected to acquire what’s described as “a very [...]

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DMGT 2010: A weak and narrow recovery takes shape


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What’s not to like about DMGT’s final results for the year to October? A few things. Although the overall numbers suggest a welcome improvement, classified ad markets remain broken, online and in print. After the steep declines of 2008-2009, this recovery still feels very weak. In addition, digital strategy isn’t delivering much joy. Revenues at [...]

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Ad revenue gloom continues at DMGT


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This morning brings a carefully-worded trading update from Daily Mail & General Trust. Quoted companies use trading updates to “guide” the market toward reasonable expectations for full-year results. DMGT’s financial year finishes in early October. The company will report full-year results on 26th November. I said the statement was carefully-worded. Actually, the lack of any sign [...]

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The decline & fall of local newspapers, Part 1


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It’s probably time to plead that I wasn’t one of those hacks who failed to absorb Digital Britain in its full 230-page splendour. Yes, I read it. Whether this makes me immune to Lord Carter’s charge of having regurgitated “bullshit”, I don’t know. It didn’t feel as if I was doing this. Hopefully, I would have [...]

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Deflation will put an end to the supermarkets’ advertising jamboree


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One of this recession’s more remarkable phenomena has been the resilience of retail advertising. A few weeks ago, Martin Morgan, chief executive of Daily Mail & General Trust, called retail an “area of strength”. In times like these, this kind of thing is all relative, of course. The graph reproduced here, which accompanied Morgan’s presentation, [...]

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Local press consolidation: How Lord Carter and the OFT opened the door for the Big Four


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Two months ago, Sly Bailey of Trinity Mirror told a Digital Britain conference: “All we are asking for is a 21st century merger regime to support 21st century media.” This week, The Office of Fair Trading published a 105pp annex to Lord Carter’s Digital Britain report. In an accompanying statement, John Fingleton, chief executive of the [...]

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Northcliffe & Associated: Desperately seeking an upturn


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Bang: this is where things get really tricky. DMGT’s results for the six months to 29th March demonstrate how badly the news business needs a post-Christmas upturn, as forecast by the Chancellor. Northcliffe Media avoided lurching into the red by the narrowest of margins. DMGT’s regional newspaper arm announced UK-based operating profits of £3.2m on [...]

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In property classifieds, the winner isn’t a publisher


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At Johnston Press last year, regional property advertising declined by 32%. The decline at Trinity Mirror was 27%. During the course of the year, the two companies saw somewhere in the region of £40m-worth of property-related advertising disappear into thin air. Putting a number on the deficit in property-related advertising at Northcliffe and Newsquest is [...]

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Collapsing ad markets mean that only redundancies will keep the bankers happy


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I see that the media buying agencies are starting to catch up with the real world. Well, sort of. Carat has just issued a forecast suggesting that UK ad markets will decline in value by 7.1% YOY during 2009. Only four months ago, they were predicting a decline of 2.2%. With ad revenues at ITV down [...]

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