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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

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

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

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

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

Daily Newspaper MarketThe latest ABC figures show that the national daily newspaper market fell 4.6% year on year in February.There was a large year on year drop in circulation for the Independent, while the Daily Mirror and Daily Record also suffered.There was good news for the Daily Star, however, which bucked the trend and saw… Continue reading ABC National Newspaper Round-Up: February 2009

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

The Audit Bureau of Circulations today confirmed that is has been investigating the bulk sales element of national newspaper’s total sales figures.The circulation body is thought to of started a review following a spot check on multiple sales copies sent to airlines, which found a wide disparity between the claimed distribution figure and the actual… Continue reading ABC confirms investigation into bulk newspaper sales

The vast majority of US adult consumers still consider the print editions of newspapers and magazines indispensable sources of news and entertainment, a survey has found. The survey, from public relations firm The Rosen Group, polled Americans about the current state of media, and what might be in store for the future. Nearly 80% of… Continue reading US adults still consider print media valuable entertainment source