Independent News & Media has agreed another extension to a financial standstill agreement with its banks and bondholders.
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Independent News & Media has posted a 37% year-on-year fall in operating profits for the year to 23 October, adding that despite a 19% dive in ad revenues it is now seeing stabilisation in the advertising market.
If the London Evening Standard becomes just another free paper following the demise of the London Lite, Alexander Lebedev will have lost a large sum of money for nothing, says Raymond Snoddy.
Associated Newspapers is in talks over the future of the London Lite.
Condé Nast is set to relaunch its travel website CNTraveller.com before Christmas.
IPC Ignite has appointed Andrew Goldsmith as its new group advertising director, responsible for its men’s and music brands, including Nuts and NME.
The Wall Street Journal is set to launch a new $600 a year WSJ ‘professional edition’ website.
The Daily Telegraph has increased its cover price to £1.
A new US study reveals that newspapers and magazines are not considered as relevant as they used to be and are the easiest media to eliminate from usage.
Frank Hall, FOB Consulting Ltd, thinks publishers could be in for a challenge if Wilde’s definition of a cynic – knowing the price of everything but the value of nothing – comes to define the print buying process …