The Economist Group is set to make a number of job cuts in the UK, despite a restructure of its commercial activities that will create a new sales unit.Around 13 redundancies will be made from the businesses’ conferences, Economist Intelligence Unit and commercial services, as the group looks to provide a more integrated sales solutions… Continue reading Economist Group set to make job cuts
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Former KGB agent Alexander Lebedev is set to buy London’s Evening Standard today, in a deal that will see him become the first Russian oligarch to own a major British newspaper.Lebedev is reportedly poised to take a controlling 76% stake of the struggling title, while the Evening Standard‘s parent group Daily Mail & General Trust… Continue reading Former KGB agent to buy Evening Standard
The Office of Fair Trading (OFT) today published its consultation document, recommending that the Competition Commission relax ITV’s Contract Rights Renewal (CRR).ITV’s CRR, the mechanism that protects advertisers from ITV1 abusing its dominant position in the UK TV ad market, was introduced in 2003 during the merger of Carlton and Granada.The OFT said it has… Continue reading OFT recommends relaxation of CRR
The lines between media channels in the 21st century have become increasingly blurred, according to the third annual Media Myths & Realities survey from Ketchum and the University of Southern California Annenberg Strategic Public Relations Center. The survey compares the media usage habits of 1,000 adult Americans (including 200 influential citizens, or ‘influencers’ – the… Continue reading Lines between media channels becoming increasingly blurred
UKTV, the pay-TV joint venture between BBC Worldwide and Virgin Media, is set to extend the reach of its male-focused channel by launching Dave+1 on Freeview next week.The broadcaster plans to extend its Dave portfolio from January, following the acquistion of an 8am to 4am daily slot on the digital TV platform, according to reports.The… Continue reading UKTV is set to launch Dave+1 on Freeview
Google accounted for 71.97% of all US internet searches conducted in the four weeks ending Nov 29, 2008, according to new figures from Hitwise. Yahoo! Search, MSN Search and Ask.com received 17.70%, 5.45% and 3.35%, respectively. The remaining 43 search engines in the Hitwise Search Engine Analysis Tool accounted for 1.53% of US searches. Percentage… Continue reading Google accounts for 72% of US internet searches in November 2008
An extra four national newspapers are expected to raise their cover prices this month, in a bid to battle it out with each other and beat the credit crunch.Following ABC’s disappointing December release, which saw all the national newspaper’s – bar one title – report circulation declines, newspapers are being forced to increase their price… Continue reading Four more newspapers set to up cover prices
Channel Five kicked-started the ninth series of CSI:Crime Scene Investigation with almost 4 million peak viewers last night.More than 3.8 million average viewers tuned in to see the first of 24 episodes of the ever-popular US crime drama, securing Five with a significantly larger audience share than its rival channels – ITV1, Channel 4 and… Continue reading Five’s new CSI starts on a high
The Mail on Sunday has hired former Bauer executive Marcus Rich as managing director, replacing Stephen Miron who left last November to join Global Radio.Rich will also take on the additional role of deputy managing director of Mail Newspapers after the company integrated its daily and Sunday sales departments, according to reports.He will report directly… Continue reading Mail on Sunday appoints new MD
In light of the recent advertising downturn, Ad Age’s editor Jonah Bloom suggests a shift back to the paid model as a means of moving forward in today’s market.Bloom predicts an “incredibly tough” 2009, with newspapers and magazines continuing to struggle and the possibility of more consolidation, foreign investment and even closures, particularly in the… Continue reading Ad Age editor: “Respect the paid model”
