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Independent News & Media has agreed a financial standstill deal with its investors, giving it until late June to negotiate the refinancing of its €200 million (£178 million) bond.The publisher of the Independent newspaper has also secured €15 million (£13.3 million) in working capital.The standstill period starts today and runs until 26 June. INM said… Continue reading INM agrees “financial standstill” deal with investors

Semantic search engine Wolfram Alpha has launched today, potentially changing the way users find information online.The service, developed by UK physicist Stephen Wolfram, responds to queries by searching through a database and providing a direct answer, including graphs and charts if relevant, rather than providing a list of links as Google does.Wolfram says that the… Continue reading Semantic “search engine” launches today

BBC Magazines is preventing the closure of Good Homes magazine by selling it to Kelsey Publishing.BBC Magazines announced the closure at the end of last month, citing a drop in circulation (see BBC Good Homes magazine set to close).Staff will be asked if they want to transfer to the new publisher, with Kelsey’s first issue… Continue reading Kelsey Publishing buys BBC Good Homes magazine

The Daily Telegraph and Sunday Telegraph‘s net circulation has increased by around 220,000 copies amid the MPs’ expense claims scandal.The first four days of reports in the Telegraph papers, which claim MPs’ have been ‘milking the system’ with their expenses, significantly boosted the sales of each title.Circulation of last Saturday’s Daily Telegraph increased by 56,000… Continue reading Telegraph sales soar

London free title Metro has launched a professional content channel on its user-generated MEview platform.The new VIP channel, which will feature a variety of celebrity interviews as well as coverage of high-profile events such as the Cannes Film Festival, has been produced by the digital broadcaster t5m.Metro also plans to add archive content to the… Continue reading Metro launches new VIP channel

While online UK newspapers draw substantial domestic audiences, most attract even larger international audiences, according to new research from comScore. comScore found that 15.9 million people in the UK visited a newspaper website in March, representing a 43% reach of the country’s online population. According to comScore, The Sun Online was the most popular online… Continue reading UK online newspapers drawing large international audiences

Johnston Press is at risk of breaching its banking covenants after it ditched the planned sale of its Irish titles.In a trading statement issued this morning, the regional publishing group said despite “considerable interest” to buy its titles in the Republic of Ireland, which includes the Leinster Leader series, the board had been unable to… Continue reading Johnston Press ditches Irish sale

The Evening Standard is launching the next stage of its advertising campaign in support of today’s relaunch as the London Evening Standard.The activity, created by McCann Erickson, includes a 60 second TV ad and a print and outdoor campaign featuring the words “we promise”, with the next stage set to feature outdoor and bus-side ads… Continue reading Evening Standard relaunches today with promises of better behaviour

The Wall Street Journal is set to start charging casual users for access to individual online articles following owner Rupert Murdoch’s plans to expand the pay model.WSJ‘s managing editor Robert Thomson said the micro-payment system will apply to non-subscribers who want to read individual articles and will give existing subscribers access to premium niche markets,… Continue reading Wall Street Journal to implement new payment system

The Evening Standard will be distributed across London for free on Monday in a bid to promote its relaunch.The newspaper, which usually runs with a coverprice of 50p, is set show off its new-look with 650,000 free copies, which will be handed out across the capital.The freebie move follows a teaser ad campaign that has… Continue reading Evening Standard to go free for a day