Sharewatch: Tabloid Indy Fuels Share Price Surge

The Independent‘s first week as a tabloid-only newspaper helped Independent News & Media rise by 5.71% to 129˝p in week on week analysis. The newspaper’s move has been welcomed by media planners, as the title brings to an end more than twenty years of publishing as a broadsheet (see Media Planners Welcome Independent’s Tabloid Move).

Elsewhere, Trinity Mirror managed a 0.16% rise week on week as Piers Morgan was ousted as editor of the company’s flagship Daily Mirror newspaper. The former editor is reportedly demanding £1 million compensation from the company after being axed following publication of hoax pictures allegedly showing British troops abusing Iraqi prisoners (see Sacked Daily Mirror Editor Could Demand Compensation).

In the radio sector Emap pushed its shareprice up to 844p, a rise of 1.20% week on week, as the company launches a huge advertising push to launch its Kerrang! radio station on FM in the West Midlands (see Emap Backs Kerrang Radio With Launch Campaign).

The closing prices of media company shares on Friday were:

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