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Former KGB agent Alexander Lebedev has acquired London’s Evening Standard for £1 from Daily Mail & General Trust.The deal will see a new company, Evening Standard Ltd, established that will own the paper, with Lebedev taking a stake of 75.1% and DMGT subsidiary Associated Newspapers becoming a minority shareholder with 24.9%.Associated will continue to provide… Continue reading Lebedev buys Evening Standard

Ed Balls, the secretary of state for children, schools and families, has criticised a proposal to remove local councils’ obligation to place public notices in local newspapers.Balls described such a move as a “retrograde thing to do”, adding “I don’t think it would be sensible to have any strategy on these things which actively damages… Continue reading Balls opposes removal of mandatory council ads in local press

US newspaper ad revenues are forecast to fall to $28.4 billion by 2012, down from an estimated $37.9 billion in 2008, according to new research from eMarketer. eMarketer forecasts a 15.9% drop in 2009, pulling ad revenues down to $31.9 billion. From 2010 through 2012, the rate of decline will slow but remain in negative… Continue reading US newspaper ad revenues on downward slide

Dennis Publishing is launching the world’s first poker magazine to have an exclusively business-to-business focus.Inside Poker Business will be distributed quarterly to a subscriber-base of industry decision makers and will deliver the latest business information to major players involved in the business.Alun Bowden, former editor of InsidePoker , has been appointed editor-in-chief of the magazine.Bowden… Continue reading Dennis launches new poker magazine

Big online stories of 2008 included the uncertain future of Project Kangaroo, the end of JICIMS, and the three-way wrestling match between Microsoft, Google and Yahoo!.Microsoft launched a $44.6 billion takeover bid to buy Yahoo! at the start of the year, saying that it was confident of delivering up to $1 billion in cost savings… Continue reading 2008 round-up: Online

Advertisers need to get to grips with social networking and the changing marketplace, according to the IPA’s second future of advertising report.The IPA has teamed up with the Future Foundation, a global strategic consultancy and think tank, to produce ‘Social Media Futures – The Future of advertising and agencies in a networked society: A 10… Continue reading IPA: Social Networking Revolution

The Economist Group is set to make a number of job cuts in the UK, despite a restructure of its commercial activities that will create a new sales unit.Around 13 redundancies will be made from the businesses’ conferences, Economist Intelligence Unit and commercial services, as the group looks to provide a more integrated sales solutions… Continue reading Economist Group set to make job cuts

Former KGB agent Alexander Lebedev is set to buy London’s Evening Standard today, in a deal that will see him become the first Russian oligarch to own a major British newspaper.Lebedev is reportedly poised to take a controlling 76% stake of the struggling title, while the Evening Standard‘s parent group Daily Mail & General Trust… Continue reading Former KGB agent to buy Evening Standard

The lines between media channels in the 21st century have become increasingly blurred, according to the third annual Media Myths & Realities survey from Ketchum and the University of Southern California Annenberg Strategic Public Relations Center. The survey compares the media usage habits of 1,000 adult Americans (including 200 influential citizens, or ‘influencers’ – the… Continue reading Lines between media channels becoming increasingly blurred

An extra four national newspapers are expected to raise their cover prices this month, in a bid to battle it out with each other and beat the credit crunch.Following ABC’s disappointing December release, which saw all the national newspaper’s – bar one title – report circulation declines, newspapers are being forced to increase their price… Continue reading Four more newspapers set to up cover prices