Guardian Media Group cuts losses by more than a third

The parent company of the Guardian and Observer cut its losses by more than a third to £45m in the last financial year and more than quadrupled its number of paying members, as it seeks to break even within two years. Guardian Media Group said total revenues increased by 2.4% to £214.5m in the year to 2 April, thanks to the popularity of its membership scheme, one-off contributions and growth in international operations

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Magazine Media’s Dismal Record in Public Equity Markets

When Time Inc. declared it was putting the brakes on a potential sale, the announcement served — among other things — as a reminder that the public equity markets have not been kind to magazine media. Time Inc. spun out from Time Warner in 2014, emerging as a standalone company with some of the most storied magazine brands in history, but also $1.3 billion in debt and a lengthening record of declining revenue. Last year was no exception, with revenue falling to just under $3.1 billion. In 2010, by contrast, the company’s revenue was $3.7 billion. Time Inc.’s stock peaked at $25.62 just a month or so after the spinoff, and after a rally in early 2015, it’s never gotten close to that point again. It was trading at under $15 early this week.

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The Economist Claims a Trump Bump

The Economist is following the trend of Trump-era subscription success, with a growth of 19 percent in North American digital subscriptions since the election. This puts the London-based magazine in the ranks of Vanity Fair, The New York Times, and The Atlantic, which have all seen subscriptions surge since November

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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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