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Some news organisations have had a half-decent recession. Trinity Mirror’s nationals rank among them. This morning, Trinity Mirror released its final results for the year to December 2009. Ad revenues at the Daily Mirror and its stablemates fell by 8% during 2009. That’s far less than the chunky double-digit percentage declines that afflicted many broadsheets. But [...]
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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 [...]
Posted in Financial, Newspapers | Also tagged Advertising, competition law, Digital Britain, Johnston Press, Local Media Alliance, Lord Carter, Newsquest, Northcliffe Media, Office Of Fair Trading, Trinity Mirror
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Now, finally, we know what it takes to get Ofcom out of bed. Cindy Crawford used to demand $10,000 a day. In the case of Stewart Purvis, the absurdly-named partner for content and standards at Ofcom, it’s a 37% YOY decline in ad revenues at Northcliffe Media. Oh, and 1,000 job losses. Wiping the sleep [...]
Posted in Advertising, Digital, Journalism, Local, Newspapers | Also tagged Andy Burnham, Digital Britain, Johnston Press, Lord Carter, Newsquest, Northcliffe Media, Ofcom, Stewart Purvis, Trinity Mirror
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“The king must die so that the country may live.” – Robespierre, 1792 “I don’t like using the words ‘print is dead’, but it’s not very well.” – Nik Hewitt, former multimedia manager at Northcliffe Digital, 2009 We might as well be in Paris in 1792. Only the great debate animating society isn’t the future [...]
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It’s reassuring to see that the regionals finally mounted a proper effort to lobby Lord Carter in January, shortly after publication of the interim Digital Britain report. At the very least, this lobbying effort should have been launched back in October, when Carter was appointed as minister for communications, technology and broadcasting. Arguably, of course, the regionals [...]
Posted in Advertising, Local, Newspapers, Regulation | Also tagged Competition Commission, Digital Britain, Guardian Media Group, Johnston Press, Lord Carter, Newsquest, Northcliffe Media, OC&C, Office Of Fair Trading, subsidy, Tim Bowdler, Trinity Mirror
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Ed Pilkington, writing in the Guardian, suggests that executives at the New York Times are very fond of what we might call the last man standing thesis. The idea, of course, is that only those publishers with the biggest brands and the deepest pockets will weather the effects of recession and structural change, emerging on [...]
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The Lex column at the FT takes a dim view of the prospects for exhibitions and trade shows. The starting point is a statistic from Tradeshow Week. The US magazine suggests that average attendance figures for exhibitions in the US fell to 19,377 last year from 25,637 the year before. You can blame it on [...]
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While we’re on the subject of commercial Armageddon, take a look at the speech delivered by culture secretary Andy Burnham at the Royal Television Society on Friday. Perhaps aware of Ofcom research which suggests that the TV advertising market could collapse by 2020, Burnham suggested it was time to “even up” the balance of regulation [...]
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Last year, Sly Bailey cheekily appended a quote from Larry Page, co-founder of Google, to a presentation she gave to analysts and investors. Page’s quote ran: “Newspapers have a good future. A laptop runs out of battery and you can’t tuck it under your arm.” Nice, upbeat, stuff. During the past year, however, the prognosis [...]
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Ahead of tomorrow’s six-monthly financials from Johnston Press, here’s an intriguing quote captured by the Independent‘s Sarah Arnott from Steve Liechti at Investec: “There are three factors all happening at once: the structural, the cyclical, and the structural multiplied by the cyclical.” Er, the structural multiplied by the cyclical? Is that what happens when Carolyn [...]