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Regional media business Archant has reported a 32% fall in operating profit for 2009, to £15.1 million.

Metro has retained its contract to distribute newspapers on the London Underground.

In a morning where book publishers seemed to be getting on with it, whilst newspapers and web companies are still trying to work it out, it was a presentation by John Makinson, CEO of Penguin Group, that delegates at the FT Digital Media & Broadcasting Conference were discussing over lunch.

The Times has scrapped its daily Times2 supplement and added a series of new pullouts and a four-page puzzles section in its place.

The overwhelming majority of Americans (92%) use multiple platforms to get news on a typical day, according to new research from the Pew Research Center.

Alexander Lebedev is a stage closer to finalising a deal for the Indy titles after agreeing to honour the Independent printing contract with Trinity Mirror for five years.

Condé Nast is set to launch digital versions of Wired, GQ, Vanity Fair, The New Yorker and Glamour for the Apple iPad.

Pearson, owner of the Financial Times, has reported a 13% increase in pre-tax profits for 2009, to £761 million.

ABC is implementing a new governance structure, with a new streamlined board of 16 industry representatives replacing the old council and welcoming in the digital media sector.

Regional media company Archant has appointed Mike Walsh to its main board as a non-executive director.