Centaur Communications has closed its weekly tabloid newspaper, Corporate Money, following a drop in circulation and ad revenue. The paper, aimed at finance directors and corporate treasurers, showed a fall in circulation from 12,000 earlier this year to 4,000. Centaur’s managing director Anthony Nares said that the market for a corporate finance paper no longer… Continue reading Corporate Money Closed
The ITV companies will today be asked to put up an emergency sum of £6.5m in an effort to avert a financial crisis at ITN (Newsline 10/10). ITN has also warned staff of “painful” cost-cutting measures.
Michael Mander, a director of Thomson Directories and Southnews, and former vice chairman of the AA, has been appointed the new JICNARS chairman. Mander will take over on a part-time basis from 7 November.JICNARS: 071 235 7020.
The Independent is to cut staff by 10% over the next year because of declining ad revenue Andreas Whittam Smith announced yesterday.
London sports paper Full Time (071 937 3535), which launched on 27 July, has folded due to lack of sales and a poor response from advertisers. A spokesperson from Full Time’s printers, Probrook, confirmed to MediaTel today that no paper was printed on Saturday and that the title has closed.
Geers Gross defied the pessimistic pundits who see only doom and gloom in the advertising industry by reporting an increase in pre-tax profits of 97%, from £161,000 to £317,000 for the first six months of the year. The increase in profits was attributed to a change in commercial strategy and tighter financial controls. The company… Continue reading Geers Gross Profits
French agency Boulet Dru Dupuy Petit is believed to be providing backing for a new full service London agency, which will be managed by former Saatchi managing director Paul Bainsfair (who left the agency last week) and ex-GGT creative director Dave Trott. BDDP has been looking for a UK agency to invest in since its… Continue reading BDDP To Back UK Agency
GWR this week launches its Classic Gold AM service (Newsline 29/8) which is essentially three stations, with one presenter and ‘Black Box’ technology allowing individualised, local news, weather and ads.GWR: 0272 279 900
Robert Maxwell is considering taking a 40% stake in the Budapest evening newspaper Esti Hirlap. If the aquisit- ion goes ahead Maxwell will become publisher of the paper and its journalists will be given a stake. An investment package to remodernise the paper is also included in the deal.
Four European newspapers are to launch a display advertising package next January. The European Quality Newspaper package will offer a reduction for advertisers who take space on each of the titles. The papers involved are the Independent (UK), Le Monde (France), Suddeutsche Zeitung (Germany) and Corriere della Sera (Italy).
