Telegraph finds way to profits in age of digital disruption

The Daily Telegraph is a rare beast: a British newspaper that makes healthy profits. All around it, the news industry is being upended by plunging revenues from print advertising and the migration of digital advertising to Facebook and Google. But in 2015, the Telegraph Media Group made a £48m pre-tax profit on a turnover of £320m, a slight improvement on the £46m it made in 2014. It is still Britain’s biggest-selling quality daily paper, though its print circulation has fallen from its peak of more than 1m papers a day in the early 2000s to 457,331 in February, according to the Audit Bureau of Circulation.

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Future issues encouraging H1 Update

Press Release: Future plc (LSE: FUTR, “the Group”), the international media group and leading digital business, provides a trading update for the six months to 31 March 2017. Overall trading for the year to date has been positive. The Group’s Media division is performing strongly with the fast growing revenue streams of e-commerce and events up around 70% and 15% year on year respectively. As a result the Board’s expectation for the Group’s results for both the first six months and the financial year as a whole remain uncharged

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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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Auto Trader grows sales, earnings and profit in first year as a listed company

Revenue increased by 10 per cent to £281.6m in the 2016 financial year, up from £255.9m in 2015. Operating profit increased by 27 per cent to £169.6m, from £133.1m, and earnings per share grew to 12.67p per share, up from 0.85p per share.This is the first set of full-year results the company has reported since listing on the London Stock Exchange in March last year. The company got off to a good start when it floated, with shares up 13 per cent on the first day of trading – and the stock has continued to perform well since, hitting an all time high in November when the group announced its first dividend.

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UBM upbeat as large event growth offsets blips

The events organiser, which hopes to conclude the sale of its PR Newswire and Agility businesses in coming weeks, said performance since the start of the year had been in line with management expectations. Larger events continued to drive performance, most notably Game Developers Conference, MAGICVegas, Enterprise Connect, MD&M West and Hotelex/FineFoods, UBM said.

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Wall Street Journal digital only subscribers grew to 45% of base in Q3

News Corp press release: In a statement released with the earnings, the media firm said: “While we believe in the strength of our print properties, we are also investing energetically in the rapid pursuit of digital which is clearly evident in the transition at Dow Jones.

“At Dow Jones this quarter, digital accounted for more than 50% of total revenues for the first time, and digital-only subscribers at the Wall Street Journal grew to 893,000, representing nearly 45% of the base.”

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Havas Reports 3.4% Growth In Q1

Havas reported that its revenue grew 7.8% in the first quarter to 506 million euros (about $569 million at today’s exchange rate) with organic growth, which strips out the impact of currency fluctuations, acquisitions and asset sales, was 3.4%.

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