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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

Sony Playstation has signed a deal with NBC Universal to make its films and television programmes available for download on the console.The partnership, which follows Microsoft’s Xbox deal with the studio (see NBC Universal signs Xbox 360 movie deal), allows PlayStation Network users to download NBC TV programmes and Universal films for about $5 (£3).Content… Continue reading Sony Playstation signs NBC Universal content deal

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”

Car insurance firm Swiftcover.com is sponsoring Absolute Radio’s weekend schedule for three months from Friday 13 March.The Swiftcover.com sponsorship, featuring on-air pre-recorded credits across the whole weekend, is part of the ‘Get a Life’ campaign, fronted by Iggy Pop.Trails for the shows will air on Monday and Tuesday, as Swiftcover says that this is when… Continue reading Swiftcover.com to sponsor Absolute Radio’s weekend schedule

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

Nicky Cheshire, sales director at Alive, talks about technological innovation in the outdoor space…

Regional newspaper publisher the Observer Standard Media Group has gone into administration, according to a report in the Birmingham Post. The report says that the company made an announcement to staff, with the group believed to be looking for a buyer for its titles. The group publishes 20 weekly newspapers across the Midlands, most of… Continue reading Regional newspaper publisher goes into administration

Archant has announced a 27% fall in operating profits for 2008 to £2.2 million, down from £30.5 million in 2007. Archant chairman Richard Jewson attributed the drop to declines in recruitment and property advertising revenues in the newspaper business and in property and display advertising in the Life magazines. Turnover from ongoing operations reduced 9.2%… Continue reading Archant’s operating profits fall 27%