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Lads’ mag Front and movie mag Hotdog have been sold by Sport Media Group, publisher of the Daily Sport, to a new startup for £87,500.Kane, controlled by 24 year old entrepreneur Dominic McVey and managing director of talent agency Money, Francis Ridley, acquired the mags after SMG decided to focus on its core businesses of… Continue reading Sport Media Group sells Front magazine

Guardian Media Group has reported a pre-tax loss of £89.8 million for the year to the end of March, with turnover down by £96.7 million to £405.4 million.However, once the contribution from Tender Media Group, a joint venture with Emap that was spun off last year, is discounted GMG’s revenue was down just 7.6%,Group turnover… Continue reading Guardian Media Group reports pre-tax loss of £89.8 million

The Daily Mirror is launching a standalone celebrity gossip website based on its 3am column.Previously only available on Mirror.co.uk, the new site will feature 4-hour celebrity news, video and blogs, according to a report on MediaGuardian.3am.co.uk will have a “fun attitude” that keeps in style of the original 3am column, the report said.News of the… Continue reading Trinity Mirror to launch celebrity website

Ofcom has launched a consultation on its plans to relax cross-media ownership and local radio rules.The media regulator wants to change the rules to allow local commercial radio stations in one area to be owned by the same company and media companies to be able to own a combination of TV, radio and newspaper assets… Continue reading Ofcom unveils plans to change local ownership rules

Microsoft and Yahoo!’s new 10 year partnership could put an end to high online ad costs and spur trouble for rival company Google, according to WPP’s head Sir Martin Sorrell.Speaking to the Daily Telegraph, the WPP chief executive said the merger between the two internet companies was likely to make search advertising cheaper as advertisers… Continue reading Sorrell: Microsoft/Yahoo! deal will cut online ad costs

Alexander Lebedev is not close to buying the The Independent and Independent on Sunday because the titles are not on the market, according to managing director Simon Kelner.In contrast to Lebedev’s claims that he discussed a possible deal with INM’s chief executive Gavin O’Reilly last week (see Lebedev hints at Indy purchaseLebedev hints at Indy… Continue reading Independent MD says title is not up for sale

The National Readership Survey has unveiled new-look branding today – the culmination of a six-month review.The review was carried out by CEO Mike Ironside in association with partners including Yarrington and Ignition.“The logo is designed to reflect the importance of NRS survey data and its place in the media measurement space, while the blue and… Continue reading NRS unveils rebrand

IPC Southbank is set to redesign its fashion monthly Marie Claire to be “a glossier, smarter and sexier magazine”.Marie Claire‘s September issue will unveil the title’s new-look and new content, which includes a fresh shopping section ‘Straight into Style’, a new section on sex and relationships, more in-depth features such as ‘How to Look Expensive’… Continue reading Marie Claire set for revamp

Telegraph Media Group is set to launch a new glossy style children’s magazine with The Sunday Telegraph.ST Children’s Style, a perfect bound 52-page supplement, will launch on October 11 with an initial circulation of 300,000, according to reports.The new bi-annual title, which will be distributed across London and the South East, will feature clothing trends… Continue reading Telegraph to launch kids mag

London Evening Standard owner Alexander Lebedev has hinted that he is “in the picture” to buy the Independent and Independent on Sunday.Lebedev, who acquired a 74.9% share in the London Evening Standard earlier this year, openly expressed an interest in the loss-making titles but said “I don’t want to multiply my problems”.“It would be interesting… Continue reading Lebedev hints at Indy purchase