Guardian Media Group hit with record £173m loss

Guardian Media Group will this week reveal a higher than expected full-year operating loss of £69m as the owner of The Guardian newspaper battles to bring its finances under control. GMG’s total pre-tax loss will hit £173m as the group belatedly writes down about £80m in the value of its stake in Ascential, the publicly quoted magazine and events company, and takes a £20m restructuring charge over severance payments

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The Financial Times Decides to Get Creative With Ad-Blocker Blocking

The Financial Times is certainly not the first media company to test out approaches to combating the rise of ad-blocking technology, but its new approach might be the most creative one yet. On Wednesday, the newspaper began blanking out, for some users, a percentage of words in articles symbolizing the percentage of the company’s revenue that comes from advertising

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So you think you chose to read this article

You may think you choose to read one story over another, or to watch a particular video rather than all the others clamouring for your attention, but in truth, you are probably manipulated into doing so by publishers using clever machine learning algorithms

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Programmatic is problematic as UK viewability plummets to 47%

So the capital of programmatic is also the capital of unviewable. The correlation between the two seems unavoidable as Meetrics publishes another viewability report which makes for particularly dismal reading. Not only is the UK the capital of adverts that never stand a chance of being viewed, the figures continue to move in the wrong direction.

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Time Inc to close Cycling Active and Cycling Sport magazines

Time Inc is set to close two cycling magazines in its UK portfolio of road cycling titles to focus attention on popular glossy Cycling Weekly, now its sole title covering the sport. Nine journalism jobs are understood to be at risk (including permanent and freelance roles). Monthly magazines Cycling Active and Cycle Sport are to go, despite a combined circulation of more than 31,500, with resources being directed into the weekly that is said to be “seeing the most demand from consumers” according to Time

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News media move to ban ad blockers from websites

People using ad-blocking software who visited the The New York Times website in March were shown a message. This read: “The best things in life aren’t free”. It went on to explain that “advertising helps us fund our journalism” and gave the visitor two options to read the newspaper’s online content: disable their ad-blocking software or pay for a subscription

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Few news providers will now be liking Facebook

Winston Churchill famously defined “appeasement” as “being nice to a crocodile in the hope that he will eat you last”. By that definition, many of the world’s biggest news publishing organisations have been in the appeasement business for at least the past two years and the crocodile to which they have been sucking up is Facebook, the social networking giant

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Can Time Out become a new media model?

No media business is even close to where it wants to be. Traditional companies struggle to hang on to print cashflows while competing with digital newbies which have all the flair but no sustainable profits. Young, digital-only, low-cost, small-team insurgents are fighting the unfair fight with the beasts of media pre-history. One business model is broken and the other is unproven.

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Vice to launch in more than 50 new countries

Vice is to launch TV and digital services in more than 50 countries, as the youth-focused media company continues to expand aggressively. It has struck a range of deals with international media partners to bring TV, mobile and digital services to regions including the Middle East, Africa, India and south-east Asia. Vice will also extend its […]

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