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.

read more

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 […]

read more

TV groups watch out for EU commercial break

At the start of 2016, UK television broadcasters were on a roll. Spending on TV advertising had surged more than 7 per cent to £5.3bn in 2015. ITV, the UK’s biggest commercial broadcaster, was looking forward to another strong year — thanks in part to sporting events including the European football championships. But, so far, the TV ad market in 2016 is flat, or just marginally stronger than at the same point last year, according to media agencies. Some industry analysts even believe TV ad spending could fall this year — for the first time since the global financial crisis in 2009.

read more

Trinity Mirror lessons for newspapers everywhere

It’s been another ‘bad news’ month for UK newspapers. Just a few weeks after Vice founder Shane Smith predicted a media industry “bloodbath”, Britain’s most successful newspaper group DMGT reported a 16% drop in advertising revenue at the Daily Mail in the six months to the end of March. Even the 20% growth at its Mail Online was scant consolation because annual revenue will not reach the £100m targeted for more than two years. Consequently, the world’s largest English language newspaper site remains far from profitable. Daily sales of the UK’s national newspapers have more than halved to 6.5m in the past 15 years and are still falling. But it is the continuing drain of advertising that panics investors.

read more

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.

read more

City AM letting brands post articles directly into their website CMS

The bosses of free London newspaper City AM have boasted that they are tearing down the boundaries between editorial and commercial by letting brands post articles directly into their website content management system. I can see why they want to play this up. But actually, I don’t think it is nearly as revolutionary (or as ethically dubious) and some of the things big existing publishers already get up to. Former Independent media editor Ian Burrell has the story for The Drum

read more

Suddenly, national newspapers are heading for that print cliff fall

I am in Ireland to address the Irish Press Council’s annual general meeting in a lecture entitled “Have newspapers got a future?” My theme is that they have no future. Declining circulation figures tell us that people are switching week by week from print to screen. It is simply a matter of time before it becomes unprofitable to continue publishing newsprint papers

read more

Fleet Street is being sunk by the internet

Shares in Daily Mail and General Trust, publisher of the Daily Mail, fell by 10 per centon Thursday as it disclosed the toll that the sudden downturn in print advertising is having on its business. It suffered a 16 per cent decline in print advertising revenues in the first half of its financial year

read more

TV fights the future

Online advertising has grown rapidly in recent years, with US revenues hitting $59.6bn in 2015, according to eMarketer, compared with the $68.9bn generated by television. However, as online advertising has grown, so have concerns about viewer measurement, fraud and the placement of campaigns on sites that could be harmful to brands.

read more

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.

read more