More Industry News articles

For the first time, the Audit Bureau of Circulations has released a monthly breakdown of consumer magazine circulations.Covering the July to December period, the ABC figures include more than 200 titles from 33 publishers including IPC Media, Bauer Media, Condé Nast and The National Magazine Company.The new report, which runs in tandem with the six-monthly… Continue reading ABC releases consumer magazine monthly circulation figures

UTV has reported pre-tax profits of £20.3 million in 2008, down from £20.8 in 2007. Group operating profit remained static at £28.1 million, with radio operating profit up 12% to £18.5 million. There was also an impressive increase in new media operating profits, of 44%, taking the total to £2 million. However, television operating profits… Continue reading UTV reports £0.5m drop in pre-tax profits

Independent News & Media is to make about 20 compulsory redundancies, according to a report.The Independent plans to make 60 journalists redundant out of a total of 90 job losses, and will impose compulsory redundancies if not enough volunteers come forward, said MediaGuardian.co.uk.Just last week, the National Union of Journalists suspended industrial action at the… Continue reading Independent to make compulsory redundancies

RTL Group, owner of Five, has reported a 1.2% rise in revenue to €5.7 million for the year ending December 31 2008, with underlying revenue at constant exchange rates up 2.6%. Earnings before the deduction of interest, tax and amortization (EBITA) were up 2% to €916 million. The net profit attributable to RTL Group shareholders… Continue reading RTL Group reports 1.2% rise in revenue for 2008

The USA has knocked the UK off the top slot for mobile web browsing with 29% of the worldwide traffic compared to 20% in the UK, according to new data from mobile web firm Bango. Anil Malhotra, SVP of marketing at Bango, said: “With 245 million subscribers, it was only a matter of time before… Continue reading US knocks UK off the top of worldwide charts for mobile web browsing and buying

Future’s chief executive Stevie Spring claims that magazine publishers are “burning cash” online, although she admits that the “proportionality of reach online is massive compared to print”.Speaking at MediaTel Group’s ‘Future of Consumer Magazines’ seminar yesterday, Spring said publishers have a “different relationship” with online consumers as they use magazine sites to carry out “specific… Continue reading Future’s chief exec: “Shedloads of companies are losing shedloads of money” online

Media journalist Ray Snoddy believes that the magazine industry now has the freedom to plan and invest in launches, in preparation for when the recession ends.Speaking at MediaTel Group’s ‘Future of Consumer Magazines’ seminar yesterday, Snoddy said the magazine industry is in a good position because “the entire sector is in private hands, which is… Continue reading Snoddy: “Publishers should be planning launches”

ShortList‘s chief executive Mike Soutar rebuffs claims that the publisher is set to launch a new women’s weekly title to rival the likes of Grazia magazine.Speaking about the reports, which are thought to have surfaced a “few weeks ago” and suggested that ShortList Media planned to launch a free celebrity and fashion title aimed at… Continue reading ShortList’s chief exec denies rumours of new mag

Secretary of state for culture, media and sport Andy Burnham has ruled out product placement on UK television.In a statement released today, Burnham said that there is a lack of evidence of economic benefits, coupled with “serious concerns about blurring the boundaries between advertising and editorial”.The statement follows a three month government consultation on the… Continue reading Government rules out product placement on UK television

A peak of 6.4 million viewers – a 25.5% share of the audience – tuned in to ITV1 last night to see Liverpool thoroughly outplay Real Madrid in the last 16 of the Champions League.An average of five million viewers watched the football coverage, from 7.30pm to 10pm, which ended with Liverpool beating the Spanish… Continue reading 6.4m watch Liverpool humble Madrid