This week has seen the sale of GMG’s regional titles to Trinity Mirror and the forced sale of some of BSkyB’s stake in ITV. Raymond Snoddy comments on the “sadness and eloquence” of the deals.
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Associated Newspapers’ revenues were down 12% year in year in Q4 2009 to £280 million.
The London Evening Standard has launched a Kindle edition of the newspaper in the US.
Guardian Media Group has sold its regional media business to Trinity Mirror in a deal worth £44.8 million.
Global Publishing Group’s The London Weekly became the latest title to hit the Capital’s streets on Friday.
The London Evening Standard’s readership has shot up to 1.37 million from 556,000 since its move to free distribution in October, according to new NRS figures.
Profit at Rupert Murdoch’s News Corporation hit $254 million in the three months to the end of December, compared with a loss of $6.4 million a year previously.
Sir Martin Sorrell, chief executive of WPP Group, believes governments could have to decide whether to subsidise loss-making newspapers such as the Guardian.
Reader’s Digest is on the brink of going in to administration today after a funding deal for its pension scheme failed.
Advertising revenue at regional publisher Newsquest was down 17.9% year on year in the thirteen weeks to 27 December 2009, according to results from US parent company Gannett.