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Independent News & Media has sold its 18% stake in Cashcade for £13.2 million to digital group PartyGaming.The struggling newspaper group will receive €15.3 million for the gambling group, which owns gaming brands such as Foxy Bingo, as well as “incremental proceeds” over the next two years as long as earnings targets are met.PartyGaming’s deal… Continue reading INM offloads Cashcade asset

Simon Mukerjee, managing director at DWA Business, comments on Ray Snoddy’s Will the pay model really work for newspapers online…? article, which was published on Tuesday… “I think it is even more stark than suggested. I simply cannot see anyone paying for anything other than very specialised content. And even then, how much they are prepared… Continue reading Point of View – ‘Will the pay model really work for newspapers online…?’

Future publishing’s Classic Rock magazine is launching a new subscription service letting readers download new albums before they are released in shops.The Classic Rock Club service – Future’s first premium content offering – costs £3 a month and is being launched with online content specialist Jack Brand, according to a report on MediaGuardian.The editorial team… Continue reading Classic Rock magazine launches new subscription service

Comment and analysis from MediaTel Group’s ‘Future of National Newspapers’ seminar re-enforces the scale of the task ahead for the newspaper business model, says our weekly columnist Raymond Snoddy… Careless users of PowerPoint presentations are far more effective in curing insomnia than endless numbers of sheep. But just occasionally a well targeted chart or table can… Continue reading Will the pay model really work for newspapers online…?

Independent News & Media is set to secure a further extension to a financial standstill deal with its investors in order to bide more time for debt restructuring.The month-long extension is the third agreement that the Independent owner has had to negotiate in the last three months.INM confirmed its first standstill agreement with banks and… Continue reading INM to secure third standstill deal

Google’s market monopoly will end one day, according to a hopeful panellist at MediaTel Group’s ‘Future of National Newspapers’ seminar yesterday.Walker Media’s chairman and chief executive Phil Georgiadis thinks Google’s dominance will cease, or at least change, although he admitted he has said that a few times before.Georgiadis said: “It’s a big mistake to believe… Continue reading Google’s dominance will cease

There was a clear difference of opinion over News International’s strategy at MediaTel Group’s ‘Future of National Newspapers’ seminar in London yesterday.Founder of Enders Analysis, Claire Enders, attacked News International’s strategy, accusing Rupert Murdoch of simply following the latest “fashion”.Taking the audience back as far as the launch of Sky – when the business model… Continue reading Enders questions Murdoch’s strategy

The paid-for model is the key to reviving the deteriorating newspaper industry, according to some panellists at MediaTel Group’s ‘Future of National Newspapers’ seminar yesterday.Two decades of free content has led to an over-supply, according to News International’s Paul Hayes, who later confirmed that Rupert Murdoch plans to charge a “fair price” for both print… Continue reading Paid-for model is the key

Pagination reports are available to MediaTel subscribers in the Press-Pagination database.Following MediaTel Group’s ‘Future of National Newspapers’ seminar held in London yesterday, Newsline has highlighted some pagination trends for daily and Sunday newspapers.Over the past 10 years, the national newspaper market has been in gradual decline, losing 18.6% of overall sales between 1999 and 2008,… Continue reading National Newspapers Pagination Report

“Too many media agencies are surviving on share deals to prop up their business models”, Paul Hayes, managing director NI Commercial at News International, told the audience at today’s MediaTel Group ‘Future of Newspapers’ seminar.“There is not just an over supply of media; currently there is an over supply of media agencies.”Phil Georgiadis, chairman and… Continue reading “Too many agencies surviving on share deals to prop up business models”