Total US newspaper advertising revenue – including print and online – fell 27% in 2009 to $27.6 billion, according to new figures from the Newspaper Association of America.
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Evening Standard-owner Alexander Lebedev has bought the Independent and Independent on Sunday for £1 from Irish publishers Independent News & Media.
Mail Online was the nation’s most read online national newspaper in February, according to data released by ABCe.
Guardian Media Group’s chief Carolyn McCall is set to become the new chief executive of the low-budget airline easyJet.
Pre-tax losses for The Times and The Sunday Times fell to £87.7 million for the year to the end of June 2009, from £50.2 million in the previous 12 month period.
This week’s Grazia magazine has an augmented reality 3D cover featuring Florence and the Machine performing hit single ‘You’ve Got The Love’.
Telegraph Media Group recorded a pre-tax profit of £53.1 million last year after implementing a tight control on costs.
The Office of Fair Trading has made way for Alexander Lebedev to buy the Indy titles, saying it would not investigate the Evening Standard owner over competition issues.
Guardian Media Group is preparing to write down its investment in Emap by between £100 million and £200 million, according to a report in the Sunday Times.
Reader’s Digest UK has received nine bids from potential buyers, according to the company’s administrators Moore Stephens.