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Regional newspaper publisher Johnston Press suffered a 28% drop in adjusted pre-tax profits last year, with ad revenue down 36% at the start of 2009.Adjusted pre-tax profits fell from £137.4 million in 2007 to £98.8 million in 2008.The group’s adjusted pre-tax profits do not include non-recurring items such as a non-cash impairment charge of £417.5… Continue reading Johnston Press suffers 28% fall in pre-tax profits

Up to 300 jobs are likely to be cut at local weekly paper owner MEN Media and regional newspaper publisher Observer Standard Media Group.Around 150 jobs are under threat at the Observer Standard Media Group, which currently has the administrators in, after it announced that it is looking for a buyer for nine of its… Continue reading Regional publishers to cut up to 300 jobs

The release of monthly ABC results for some publishers was welcomed by Dominic Williams, head of press at Carat, as part of the ‘Future of Consumer Magazines’ panel held by MediaTel Group in London this morning.Williams saw this as a “huge tick”, believing that it showed the ABC “moving in the right direction”, with requests… Continue reading Carat Press Director: “Monthly ABC release is a huge tick”

One of the key areas of debate at MediaTel Group’s ‘Future of Consumer Magazines’ seminar this morning was the relative value of a subscriber v a newsstand reader and also how a free magazine reader fits into the overall mix.Dominic Williams, press director at Carat, felt that a subscriber should be regarded with more value… Continue reading Magazine Panel: “The hierarchy of a reader”

Carat’s press director Dominic Williams predicts an ad revenue decline of as much as 15%, saying that the industry needs to work harder to maintain revenue.Speaking on the panel at MediaTel Group’s ‘Future of Consumer Magazines’ seminar this morning, Williams said he expects the market to fall lower than previously forecast – Group M predicted… Continue reading Magazine Seminar Keynote: Press director predicts 15% ad decline this year

Telegraph Media Group has appointed former Absolute Radio commercial director Nick Hewat as its new sales director.Hewat joins TMG after 17 years in radio, which saw him head up agency sales at GCap Media and most recently work at Virgin Radio, which relaunched as Absolute radio after its takeover by Times of India Group.Hewat will… Continue reading Telegraph appoints former Absolute chief Hewat

Rupert Murdoch’s BSkyB has launched an attack on Channel 4, saying it has wasted £270 million on poor investments.In response to Lord Carter’s Digital Britain report, which will shape the future of British broadcasting, BSkyB wrote a letter claiming that Channel 4 has wasted millions of pounds on failed business ventures and would still be… Continue reading BSkyB launches attack on Channel 4

Northcliffe Media is set to cut up to 95 jobs and close or merge a number of its weekly papers across Essex, Kent and Surrey in a bid to centralise regional production.The publisher issued a statement earlier today to say that they have been forced to restructure to “reduce costs in the current challenging trading… Continue reading Northcliffe Media to slash 95 jobs

The struggling Sport Media Group owned tabloid titles, the Daily Sport and Sunday Sport, have pulled out of the Audit Bureau of Circulations (ABC).The Sunday Sport resigned from the auditing body on March 4 after nearly 20 years, while the Daily Sport quit in February after just a year of having its circulation figures audited.Last… Continue reading Sport Media Group resigns from ABC

ABC figures for February reveal that the London Evening Standard‘s circulation was down 5.3% period on period and 3.7% year on year, to around 277,500 copies.Afternoon freesheets the London Lite and thelondonpaper remained static period on period, with distribution figures of around 401,000 and just under 501,000 respectively.Morning business freesheet City AM once again saw… Continue reading Evening Standard sees circulation dip