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thelondonpaper racked up losses of almost £13 million and nearly doubled the size of its overdraft to over £26 million in the 12 months to the end of June 2008.News International’s NI Free Newspapers subsidy, which was specifically set up to publish the Murdoch-owned freesheet, reported a pre-tax loss of £12.9 million, according to accounts… Continue reading thelondonpaper cuts losses but doubles overdraft

IPC Media has launched its third international edition of interiors monthly title Living etc in India.The English-language magazine, which will be published by Images Group under a licence in India, is set to launch with a cover price of 100 Rupees (£1.35).IPC has also launched international versions of Living etc in Thailand and Cyprus.“The last… Continue reading Living etc launches in India

Afternoon freesheet thelondonpaper has relaunched its website with a fresh look designed to be more engaging to users.The new-look site, designed by agency Nomensa, features more advertising opportunities and allows readers to include their interactions with the paper on their Facebook page.Serena Kutchinsky, former managing editor of Time Out has been hired as editor of… Continue reading thelondonpaper revamps website

Rupert Murdoch said he plans to charge users to read The Times‘ and The Sun‘s online content following the success of the Wall Street Journal‘s pay model.Murdoch said he would test the pay model on his stronger titles, in a similar way he charges people for the WSJ’s online business news, and if it proves… Continue reading Murdoch set to charge for online content

Guardian Media Group chief executive Carolyn McCall believes that the Guardian could charge for some specialist content on its website.Speaking at this week’s FIPP World Magazine Congress in London, McCall said that sections such as MediaGuardian.co.uk could eventually see users paying for the content.“More people are looking seriously at how they can make money charging… Continue reading Guardian could charge for online content

Felix Dennis, founder and chairman of Dennis Publishing, has said that magazine publishers should take advantage of the current economic downturn to focus on innovation.Speaking at this week’s FIPP World Magazine Congress, Dennis urged delegates to look at the success of Maxim magazine, which he launched in the US during tough economic times in 1997.He… Continue reading Felix Dennis calls for magazine innovation

Publicis Groupe chairman Maurice Lévy says that the business model for print media is broken.Speaking at yesterday’s Fipp World Magazine Congress in London, Lévy said that there were tough times ahead for traditional media, with structural issues at the heart of the problem.He said: “The end of the economic crisis will not be, I’m sorry… Continue reading Maurice Lévy: “Print media’s business model is broken”

Times Newspapers has reported a loss of £51.3 million for the year ending June 30 2008, compared with a loss of £43.9 million for the previous year.The publisher’s losses reportedly came from a rise in the cost of newsprint, a one-off charge associated with moving the print-run from Wapping to Broxbourne and redundancy costs.The group’s… Continue reading Times Newspapers reports £51 million loss

The makers of Golf Punk magazine are launching a monthly football title tomorrow, Football Punk, featuring an interview with Liverpool’s Steven Gerrard.The magazine was trialled as a free supplement in Golf Punk last August and had been expected to launch as a standalone title in January but was delayed by a takeover of publisher JF-Media.The… Continue reading Football Punk magazine launches tomorrow

Kent Messenger has revamped the eight titles in its free Extra series and plans to trial user-generated content in the Canterbury edition in a bid to push its paid-for titles.The regional publisher has redesigned the Extra series, which include the Ashford Extra, Canterbury Extra, Folkestone & Dover Extra, Gravesend, Dartford & Swanley Extra, Maidstone Extra,… Continue reading Kent Messenger revamps its Extra series