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Thursday 31 January 2008
By Leah McBride Mensching,
Thursday 31 January 2008 at 23:27 :: Management
Fairfax Media Deputy Chairman Mark Burrows has been forced off the publisher's board by his fellow directors, The Age's Business Day has reported Friday.
The investment banker officially resigned Thursday over “perceived conflict of interest” due to being Lachlan Murdoch's chief adviser in his AU$3.3 billion bid to buy Consolidated Media Holdings, according to the report. More
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By Leah McBride Mensching,
Thursday 31 January 2008 at 22:32 :: Online/Digital Publishing
The Nihon Keizai Shimbun, The Asahi Shimbun and The Yomiuri Shimbun have launched a joint Japanese-language Web site, called Aratanisu, on Thursday morning.
The three papers have come together to form the Nikkei-Asahi-Yomiuri Internet Business Partnership. The new site allows readers to read stories originally written for front and domestic news pages and editorials side-by-side online. Deputy managing editors for each of the three papers will also write essays for a featured section of the site, Henshu-kyoku kara (From the Editorial Bureau), The Yomiuri Shimbun reported Thursday. More
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By Leah McBride Mensching,
Thursday 31 January 2008 at 21:59 :: Newspaper Data
Media General Inc. saw profits plummet by 86 percent in 2007, as its Florida ventures, including The Tampa Tribune and television station WFLA-Channel 8, continue to labour in the anaemic Florida media market, the Tampa Bay Business Journal reported Thursday.
The media company earned US$10.7 million (47 cents per share) in 2007, just a slice of the $79 million ($3.35 per share) it earned in 2006. More
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By Erina Lin,
Thursday 31 January 2008 at 21:30 :: General
Average television daily viewing time has increased in the United States since 2000, although viewing during primetime has remained almost the same, according to research firm eMarketer.
In 2000 and 2001, an American household spent on average seven hours and 39 minutes watching TV, which grew to eight hours and 14 minutes in and after 2005. TV viewing time for an individual American aged two and above grew from four hours and a quarter during 2000 and 2001, to four hours and 34 minutes during 2006 and 2007. More
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By Erina Lin,
Thursday 31 January 2008 at 21:16 :: Advertising
The Polish online market is rapidly growing, according to a report published by Internet Standard.
According to SMG/KRC NetTrack, online penetration in Poland reached 42 percent in 2007, or 12.8 million users aged 15 and above. And nearly 65 percent of these users logged on every day. More
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By Erina Lin,
Thursday 31 January 2008 at 21:11 :: Media Ownership
Amazon announced Thursday it will buy Audible, an audiobook specialist, for US$300 million.
Audible sells nearly 80,000 audio products, across radio shows, newspapers, magazines, books and exclusive programmes, which Amazon will be able to push to its vast userbase of the audio book market. More
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By Leah McBride Mensching,
Thursday 31 January 2008 at 20:40 :: Newspaper Data
Fourth quarter profits fell eight percent for E.W. Scripps Co. due to a slump in advertising sales at its newspapers and televisions, the media company said Thursday.
Scripps profit of US$123 million (75 cents per share) for the quarter ending Dec. 31 was down from the same period of 2006, when profit was $134 million (81 cents per share). Revenue fell from $683 million in 2006 to $679.2 million in 2007, the company stated in a press release. More
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By Leah McBride Mensching,
Thursday 31 January 2008 at 18:39 :: Newspaper Data
Although Belo Corp.'s pace of revenue decline increased during the last three months of 2007, that pace will slow in 2008, Robert Decherd, Belo chairman and CEO, announced Wednesday.
Decherd made the announcement in New York, where he is attempting sell his plan to spin off Belo's newspaper divisions into a separate publicly traded company from its television stations. Overall in 2007, Belo's newspaper revenue dropped 9.7 percent. During the last three months of the year, however, that revenue dropped 11.5 percent, according to preliminary figures, The Dallas Morning News reported late Wednesday. More
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By Larry Kilman,
Thursday 31 January 2008 at 14:25 :: General
Newspapers around the globe are extending their reach through the internet and other media, yet print circulation generally remains the standard for measuring newspaper audience.
New global initiatives to provide a more complete picture of newspaper audience through cross-media measurements are the subject of a major session at the upcoming World Newspaper Advertising Conference & Expo. More
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Wednesday 30 January 2008
By Leah McBride Mensching,
Wednesday 30 January 2008 at 22:43 :: Printing & Production Systems
Problems with production at Mutare Board and Paper Mills have caused the Zimpapers to reduce print runs for its newspapers, the publishing group's chief executive announced Tuesday.
Justin Mutasa apologised to readers and advertisers in a statement, and said the group's Harare Branch uses 100 tons of newsprint each week, while its Bulawayo Branch uses 30 tons, All Africa reported Wednesday. More
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By Leah McBride Mensching,
Wednesday 30 January 2008 at 22:27 :: Labor & Employment
The Sun-Times Media Group Inc. will suffer a US$8 million financial blow in the fourth quarter for job cuts at its flagship Chicago Sun-Times and other newspapers.
The one-time, pre-tax charge largely comes from severance expenses for those employees, as the publishing group, formerly controlled by Conrad Black, takes measures to reduce annual operating costs by $50 million before June, Editor & Publisher reported Wednesday. More
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By Erina Lin,
Wednesday 30 January 2008 at 22:11 :: Labor & Employment
Yahoo has been losing ground due to its rival Google as well as newcomers like Facebook, which take up more of online users’ time, a major factor eroding the company's financial results.
Yahoo yesterday reported its profit declined again. Jerry Yang, the co-founder and chief executive, acknowledged that the company needed a big shift in strategy. He also warned that there will be "headwinds" this year, The Washington Post reported Wednesday. More
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By Erina Lin,
Wednesday 30 January 2008 at 21:51 :: Young Reader
A study by Northwestern University found that teenagers find online news troubling and a reminder of the world's dangers, contrasted by time spent on YouTube, social networking and music downloading sites, which they viewed as a treat.
For the study, "If It Catches My Eye: An Exploration of Online News Experiences of Teenagers," researchers interviewed 65 teens in the Chicago area in 2007. Findings suggests news organisations should cultivate teen audiences by understanding what they are interested in and diminishing their angst, according to a Editor & Publisher report. More
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By Erina Lin,
Wednesday 30 January 2008 at 21:15 :: Media Ownership
Pearson confirmed Wednesday it will sell its 50 percent stake in Financial Times Deutschland to its joint venture partner Gruner + Jahr, a subsidiary of German media group Bertelsmann.
The transaction is expected to close in the first quarter of this year, and will leave Gruner + Jahr in full control of the German business paper, Media Guardian reported. More
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By Leah McBride Mensching,
Wednesday 30 January 2008 at 20:20 :: Press Freedom & Laws
The Australian federal police commissioner's call for a media blackout during all terrorist operations, including ones gone awry, is going too far and has been “howled down,” the Herald Sun has reported Wednesday.
Commissioner Mick Keelty announced in a speech to the Sydney Institute Tuesday that no public comment should be made about investigations of terrorism until they are finalised in court. The Federal Opposition, civil liberties and media groups say Keelty's proposition actually undermines his own efforts to combat terrorism. More
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By Leah McBride Mensching,
Wednesday 30 January 2008 at 19:04 :: Newspaper Data
Jagran Prakashan grew its revenues by 29 percent to Rs2 billion (€35 million) in the third quarter of 2007, compared to the same period the year prior.
The Indian publisher, partly owned by Independent News & Media, also grew margins in both circulation and advertising revenue, bringing in a 47 percent increase over 2006, a net profit of Rs259.3 million, the Irish Independent reported Wednesday. More
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By Leah McBride Mensching,
Wednesday 30 January 2008 at 17:36 :: Advertising
Wachovia Equities Research anticipates U.S. newspaper advertising revenue will fall 8.2 percent in 2008, not 6.1 percent, as the firm had previously forecast.
The harder fall suggests a “newspaper ad recession,” Editor & Publisher reported Tuesday. More
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Tuesday 29 January 2008
By Leah McBride Mensching,
Tuesday 29 January 2008 at 23:45 :: General
Two groups of editors have written complaints about several new Associated Press practices, such as new fee structures and news coverage practices. The two letters, sent to AP executives in past weeks, were obtained by Editor & Publisher.
The letters partly responded to AP's rate structure change, set to take effect next year, which the AP says will make the service more flexible, allowing a la carte services and a decrease or unchanged price for most newspapers. Editors, however, say the changes will actually make some fees go up, and need to be revised in this time of economic hardship for newspapers, E&P reported. More
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By Leah McBride Mensching,
Tuesday 29 January 2008 at 23:18 :: Advertising
Financial management and advisory company Merrill Lynch cut its forecasts for advertising growth in Australia due to a downturn in global earnings, The Australian has reported Wednesday.
The company's media analyst, Alice Bennett, cut her 2008 forecast for growth from 7 percent to 6 percent. More
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By Leah McBride Mensching,
Tuesday 29 January 2008 at 22:42 :: Online/Digital Publishing
News Ltd. and Fairfax Media will co-produce their rival auto sales Web sites, The Sydney Morning Herald reported Tuesday.
Fairfax Digital's drive.com.au's sales team will take over all car dealer listings on carsguide.com.au, News Ltd.'s site, and the listings will appear on both Web sites at the same time. More
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By Leah McBride Mensching,
Tuesday 29 January 2008 at 22:22 :: Management
Spanish media group Vocento SA announced monday its CEO Belarmino Garcia Fernandez has resigned.
The group announced in a statement that Jose Manuel Vargas Gomez, formerly Vocento's general manager for the national market, will replace Fernandez. More
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By Erina Lin,
Tuesday 29 January 2008 at 21:45 :: Advertising
Despite many downward ad forecast revisions, and concern over an economic recession, WPP's GroupM unit released a report calling for relatively healthy growth in the worldwide ad economy in 2008, Media Post reported.
The report pointed out that this year, growth in the U.S. marketplace will rise 3.7 percent due mainly from two factors: cyclical stimuli, such as the Olympics and presidential elections, and increased ad spending on the Internet. Without the incremental effects of the Olympics and election spending, U.S. ad spending would increase only 1.8 percent in 2008. Without the effects of the Internet, the U.S. ad market would rise only 0.6 percent, and would leave it at almost the same as it was in 2007. More
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By Erina Lin,
Tuesday 29 January 2008 at 21:22 :: Media Ownership
Many Asian telecom operators are expected to see opportunities for mergers and acquisitions (M&A) soon in the Asia-Pacific region, according to Standard & Poor's (S&P).
Mergers and acquisitions will be hot in this region for the pursuit of economies of scale, S&P credit analyst Yasmin Wirjawan stated in a report Friday. More
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By Leah McBride Mensching,
Tuesday 29 January 2008 at 21:10 :: General
As a flurry of changes continues at the Wall Street Journal following the purchase of its parent company, Dow Jones & Co. by Rupert Murdoch's News Corp. late last year, another change is in the works.
The Wall Street Journal is planning to move away from Wall Street, Yahoo Finance reported Tuesday. More
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By Leah McBride Mensching,
Tuesday 29 January 2008 at 20:53 :: Online/Digital Publishing
Reuters and Bloomberg make millions selling financial news first to businessmen and women around the world who are willing to pay to get into the market first. Updated information and share prices that are available for free online are usually delayed 15 to 20 minutes for the average reader to whom it isn't important to make immediate buy or sell decisions, Philip M. Stone of FollowtheMedia wrote Tuesday.
And as volatile as the markets have been lately, professional investors can't afford not to pay premium prices for real-time information – so why give it away for free? More
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Monday 28 January 2008
By Leah McBride Mensching,
Monday 28 January 2008 at 23:44 :: General
After the media sector in Thailand took a dive in 2007, it is expected to pick up this year, thanks to improved business prospects in the local economy after the formation of a new coalition government, the Bangkok Post has reported Tuesday.
Although Thai stock markets continue to be slow, due to fears of a U.S. recession and heavily sold Thai stocks, media stocks are attracting more investors. More
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By Leah McBride Mensching,
Monday 28 January 2008 at 23:29 :: Press Freedom & Laws
The Baki-Kheber's bank accounts, which hold revenues from newspaper sales in Gaya, Gasid and Azermetbuatyayim, were arrested beginning Sunday, the Azeri Press Agency reported Monday.
The freezing of the accounts have been imposed on revenues from the sales of the Baki-Kheber because the newspaper is in debt AZN 2179.4 (€1,754.52, US$2,588.79), according to a letter from Yasamal district court Zaur Abdullayev, which was sent to Gaya, Gasid and Azermetbuatyayim. More
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By Leah McBride Mensching,
Monday 28 January 2008 at 23:01 :: Circulaton & Distribution
Despite losing readers due to heavy competition, Metro was the most read newspaper in the last two months of 2007, Newspaper Innovation reported Saturday.
Although Metro lost some readers in local markets, its national edition gained readers over 2006. The free daily recorded 1,571,000 daily readers in the last four months of the year, while paid newspapers Aftonbladet came in second with 1,255,000 readers and Expressen came in third with 1,040,000, according to figures from research group Orvesto. More
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By Leah McBride Mensching,
Monday 28 January 2008 at 22:12 :: Media Ownership
A group of investors holding just under a 5 percent stake in the New York Times Co. urged the company to buy up more digital firms, according to a regulatory filing Monday.
Hedge fund Harbinger Capital Partners and investment firm Firebrand Partners, which together own about 4.9 percent of the outstanding shares, stated although they think the publisher should spend more on digital companies, they are not looking to change the company's dual class share structure, Reuters reported Monday, citing the U.S. Securities and Exchange Commission filing. More
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By Erina Lin,
Monday 28 January 2008 at 21:38 :: World Digital Media Trends
Global mobile entertainment revenues will exceed US$64 billion by 2012, from merely US$20.7 billion in 2007, according to the latest report from Jupiter Research.
"With more widespread penetration of 3G handsets – or entertainment-focused 2.5G handsets like the iPhone – there is likely to be a much greater surge in both the adoption and overall usage in rich media services," stated Windsor Holden, author of the report, "Mobile Entertainment Markets: Opportunities & Forecasts 2007-2012." More
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By Erina Lin,
Monday 28 January 2008 at 21:26 :: Online/Digital Publishing
More than eight million people living in the United Kingdom listen to Web-based radio services every week, and about two million download podcasts every week, according to a survey conducted by research firm Ipsos Mori.
Survey results suggest Internet radio has hit the mainstream in the UK, finding that more than 12 million people have listened to Internet radio, and 8.1 million listen every week either through live streaming or "listen again" services, MediaGuardian reported Monday. More
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By Erina Lin,
Monday 28 January 2008 at 21:13 :: World Digital Media Trends
Samsung Networks has launched the first Voice-over-Internet (VoIP) service for mobile phones in Korea, which will cut phone charges.
The Samsung Wyz 070 service allows users to make and receive mobile phone calls through the WiFi wireless Internet network, a wireless local-area network (LAN) found in homes, offices, schools and other public places, Asia Media reported Thursday. More
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By Leah McBride Mensching,
Monday 28 January 2008 at 19:22 :: World Digital Media Trends
Russian news and information agency RIA Novosti publicly launched its newly integrated and converged multimedia newsroom Monday, featuring a fully equipped, two-floor newsroom with a central hub, the only one of its kind in Russia.
The newsroom now houses an integrated news department, which enables the news agency to more efficiently cover all multimedia formats, such as video, infographics and user-generated content, as well as traditional text and photos. More
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By Larry Kilman,
Monday 28 January 2008 at 11:47 :: Copyright
Since the recent launch of ACAP, the new standard to protect the intellectual property of anyone publishing on the Web, the blogosphere has been full of comments about it -- and not all of them have been polite.
In addition to a great deal of supportive commentary, the Automated Content Access Protocol has faced an inevitable flurry of criticism. ACAP and its supporters, which includes the World Association of Newspapers, are facing the issues head-on and answering their critics. More
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Friday 25 January 2008
By Leah McBride Mensching,
Friday 25 January 2008 at 22:31 :: General
Sam Zell toured Tribune's business units and found something he did not like: Content filters.
In a memo this week to Tribune properties, Zell pointed out how hypocritical it is that those guarding the Fourth Estate were not being allowed to see all of it. At least not on the Internet at work. More
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By Leah McBride Mensching,
Friday 25 January 2008 at 21:59 :: General
News that an Australian institution was closing seemed to come from a very outside source.
The announcement that The Bulletin was closing was handed down from Scotsman Adrian MacKenzie, managing partner of Hong Kong private equity fund CVC Asia Pacific, to American Scott Lorson, chief executive of Australian Consolidated Press. The Bulletin, Australia's longest-running magazine, was founded in 1880. More
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By Leah McBride Mensching,
Friday 25 January 2008 at 21:20 :: Labor & Employment
European media group Mecom will cut 80 positions at two of its regional newspapers in the Netherlands, in the southern province of Limburg, Newspaper Innovation reported Friday.
Dagblad de Limburger and the Limburgs Dagblad “are household brand names, with a readership of c200,000,” UK-based Mecom states on its Web site. More
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By Erina Lin,
Friday 25 January 2008 at 20:38 :: World Digital Media Trends
Video on demand, digital video recorders, online video and broadband Internet will all have their base gains by the year of 2011, according to research firm eMarketer.
Digital video recorders are the fastest growing. There will be 45.1 million DVR households in the United States by 2011, growing from merely 18.6 million in 2006. More
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By Leah McBride Mensching,
Friday 25 January 2008 at 19:06 :: Labor & Employment
As many as 16 advertising positions in the production and display of design ads at The News & Observer will be exported overseas, the Raleigh, North Carolina newspaper announced Thursday.
The News & Observer Publishing Company is working with Chicago company Affinity Express, which has production facilities in the Philippines and India, the Associated Press reported Friday. More
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By Leah McBride Mensching,
Friday 25 January 2008 at 18:39 :: Labor & Employment
The Boston Globe will raise its newsstand price from 50 cents to 75 cents beginning Feb. 4, the newspaper announced Friday.
The price hike applies to newspapers sold in Greater Boston, as the daily Globe already costs 75 cents beyond 30 miles from the city. More
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Thursday 24 January 2008
By Leah McBride Mensching,
Thursday 24 January 2008 at 21:45 :: Online/Digital Publishing
The top five UK national newspaper Web sites reporting monthly ABCe figures saw slower reader traffic in December during the holidays, MediaGuardian reported Thursday.
Although traffic slumped during the holiday season, growth from the year prior remained strong, as three of the five sites saw traffic increase by more than 20 percent compared to December 2006. More
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By Erina Lin,
Thursday 24 January 2008 at 21:21 :: Online/Digital Publishing
More Americans read newspapers online in 2007 than in the previous year, which marked a new record high, according to the latest data from the Newspaper Association of America.
The study pointed out that in 2007, 60 million people visited an online newspaper, compared with 56.4 million in 2006, up 6.3 percent in unique audience, Editor & Publisher reported Thursday. More
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By Erina Lin,
Thursday 24 January 2008 at 21:19 :: Newspaper Data
The Sun-Times Media Group will terminate its three weeklies published in the Chicago area after next week. It is the latest move of its cost-cutting strategy under the way.
Tammy Chase, STMG Director of Investor Relations, confirmed the news to Editor & Publisher Wednesday. She said Jan. 30 will be the last publication date for The Skyline, the Booster and the News Star. More
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By Erina Lin,
Thursday 24 January 2008 at 21:18 :: Competition
What will be the biggest threat to the traditional newspaper market? According to a survey targeting four Nordic countries, the Internet and free papers with editorial content were chosen by newspaper editors and managers as the top two competitors to traditional newspapers.
More than 70 percent of the survey's respondents thought the Internet will be the biggest threat, slightly down from the survey's 2006 figures. Free papers with editorial content was ranked second – over 65 percent chose free papers as a top competitor against traditional papers, which dropped about 10 percent from 2006, according to the Wilberg Management As study. More
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Wednesday 23 January 2008
By Leah McBride Mensching,
Wednesday 23 January 2008 at 23:34 :: Media Ownership
The Australian Competition and Consumer Commission will scrutinise Lachlan Murdoch and James Packer's joint AU$3.3 billion bid for Consolidated Media Holdings Ltd. for any possible links to News Corporation, MarketWatch reported Wednesday.
Lachlan Murdoch is the son of News Corp. Chairman Rupert Murdoch, and also has a seat on News Corp.'s board. More
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By Leah McBride Mensching,
Wednesday 23 January 2008 at 23:19 :: Advertising
Understanding how a consumer “feels” is becoming more important than what the consumer “thinks” about an ad or brand, as emotional attachments to a brand are more difficult to break by rivals, the Wall Street Journal's Live Mint reported Tuesday.
This new, so-called neuro marketing enlists the help of neuroscientists who gauge consumer responses to ads using portable tools, such as a “skin response meter.” One expert in the field is A.K. Pradeep, who has a company in Berkeley, Calif., called NeuroFocus Inc. More
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By Leah McBride Mensching,
Wednesday 23 January 2008 at 22:54 :: Newspaper Data
Monday's global stock market drop wiped £77 billion from the FTSE100 index of the top companies in the United Kingdom, the worst plunge the market has seen since Sept. 11, 2001.
Pearson, United Business Media and SMG were hit hardest in British Media, Press Gazette reported Tuesday. More
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By Leah McBride Mensching,
Wednesday 23 January 2008 at 22:26 :: Labor & Employment
As it reorganises to better compete with Google Inc., Yahoo! Inc. will cut about 700 jobs, or five percent of its employees, Bloomberg reported Tuesday, citing “a person with knowledge of the plans.”
Reducing its employee numbers to about 14,000 could be announced Jan. 29, the same time it will report earnings, the news agency reported. More
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By Erina Lin,
Wednesday 23 January 2008 at 22:06 :: World Digital Media Trends
How do Americans consume media? According to the latest Simultaneous Media
Survey (SIMM 11) conducted by research firm BIGresearch, an increasing number of people multitask with more than two media at the same time, and the level of simultaneous media usage increased over the last survey for all major forms of media.
“Technology is creating new media options faster than most people can assimilate and is causing more multitasking,” said Gary Drenik, president of BIGresearch. More
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By Erina Lin,
Wednesday 23 January 2008 at 22:01 :: Newspaper Data
Chinese Biz News, the first Chinese-language business newspaper in North America, is being published by a Los Angeles-based Internet company, according to the company announcement Saturday.
There are currently about 300,000 Chinese-owned businesses in North America, which bring in more than US$100 billion annually. Due to the booming development of Chinese enterprises, businessmen in the United States and China would like to have greater access to business information, and Chinese Biz News will aim to bridge that information gap, the announcement said. More
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By Larry Kilman,
Wednesday 23 January 2008 at 10:56 :: General
Is newsroom integration really working? Editors at four of the world's most prestigious newspapers will examine this question at the 15th World Editors Forum, to be held in Sweden in June, the Forum has announced. More
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Tuesday 22 January 2008
By Leah McBride Mensching,
Tuesday 22 January 2008 at 23:38 :: Online/Digital Publishing
Online visitors outside the United Kingdom outnumber the domestic audience for The Guardian, The Times, The Telegraph, The Daily Mail and the BBC, according to comScore data released Tuesday.
The Daily Mail received the most international visitors, with 69 percent of its 7.6 million users coming from outside the United Kingdom. More
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By Leah McBride Mensching,
Tuesday 22 January 2008 at 23:24 :: Media Ownership
The editor-in-chief of French newspaper Le Monde, who is running for CEO, told financial daily Les Echos in an interview published Tuesday that he wants to be a “man of an historical compromise” between Le Monde journalists and corporate shareholders.
Eric Fottorino also said recapitalising the loss-making paper in the future needs to happen through several European media groups having a stake in Le Monde, including current shareholders Lagardere and Prisa, of Spain, Reuters reported. More
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By Erina Lin,
Tuesday 22 January 2008 at 16:55 :: Online/Digital Publishing
AT&T Inc. and the New York Times have reached an agreement that allows wireless users to access full content of the newspaper's site at no extra charge.
AT&T wireless data customers will be able to access articles about the latest news, business, politics, sports and entertainment through the New York Times' mobile site. More
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By Erina Lin,
Tuesday 22 January 2008 at 16:54 :: Young Reader
Children have a ravenous appetite for digital content, according to a new report, "Kids and Digital Content," by NPD Group.
The survey tracked the usage of entertainment content (physical and digital) among children using computers, video games, portable music players and mobile phones. It found that kids between age two to 14 consume digital content anywhere, from three to seven times a month on a single device. More
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Monday 21 January 2008
By Leah McBride Mensching,
Monday 21 January 2008 at 23:17 :: Media Ownership
Getty Images has put itself up for sale, and could bring in more than US$1.5 billion, the New York Times reported Monday.
The biggest supplier of photos and video to media and advertising companies in the world has gained the interest of several buyers, most of them from private equity firms, including Bain Capital, Kohlberg Kravis Robers, and others, the report stated. More
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By Leah McBride Mensching,
Monday 21 January 2008 at 22:59 :: Media Ownership
Lachlan Murdoch, son of media giant Rupert Murdoch, and Australia's richest man and gaming heir, James Packer, offered to buy Consolidated Media Holdings for AU$3.3 billion (US$2.9 billion) Monday.
This is the second major effort the two rival media empires (Murdoch's News Corporation and the Packer-backed Consolidated Media) have made to join forces, after both backed telecommunications company One.Tel, which closed in 2001, Reuters reported Monday. More
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By Leah McBride Mensching,
Monday 21 January 2008 at 22:12 :: Circulaton & Distribution
Even as sales dropped at home, British daily tabloid sales remained steady or climbed in Ireland in December, the Sunday Business Post reported Sunday,
According to Audit Bureau of Circulations numbers, the Sun sold 104,629 copies in the six months to December, staying the same as in 2006. Overall, however, News International's flagship tabloid dipped below three million in December, an overall low. More
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By Erina Lin,
Monday 21 January 2008 at 21:20 :: World Digital Media Trends
Yahoo and T-Mobile are joining forces to serve targeted display advertising on mobile Internet services in Britain. The first ads for T-Mobile's Web 'n' walk mobile browser will be rolled out during the first half this year.
Yahoo signed a similar deal with Vodafone last year, which provided it with a key role in display ads on two of the United Kingdom's top mobile services. It also reflects Yahoo's strategy of making advertising and distribution deals with carriers and handset makers in key markets, such as Europe, Asia and Latin America, according to a Media Post article. More
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By Erina Lin,
Monday 21 January 2008 at 21:19 :: Advertising
Online advertising will more than double to $50.3 billion in 2011, from $21.7 billion in 2007, mostly driven by new technologies that boost online ad performance, according to the research firm Yankee Group.
“While the size of the U.S. Internet audience will level off in the next few years, ad dollars have yet to catch up with the growth in online media consumption,” the Yankee study said. The Internet accounts for about 20 percent of total media consumption, but only 7.5 percent of ad budgets. More
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By Erina Lin,
Monday 21 January 2008 at 21:18 :: Online/Digital Publishing
Jóhanna Sigurdardóttir, Icelandic Minister of Social Affairs, formally launched a Polish news Web site Friday. The new site, with all the main stories translated to Polish, was a subsection of dv.is, the news Web site for Icelandic daily DV.
According to editor of DV Thórarinn Thórarinsson, the news site provides service for the over 6,000-strong Polish community in Iceland. "Easy access to the main news stories from the Icelandic society strengthens the position of those who are trying to gain footing in a foreign community, foreign because of language barriers," he said. More
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Friday 18 January 2008
By Leah McBride Mensching,
Friday 18 January 2008 at 23:14 :: Media Ownership
Media General, Inc., will divest its one-third stake in SP Newsprint Co., selling its piece to White Birch Paper Company, and use the proceeds of the sale to reduce its debt, SP announced Friday.
Two other equal partners in SP are Cox Enterprises, Inc. and the McClatchy Company. Media General expects to make $37 million to $40 million from the sale after taxes, and will put the funds toward debt repayment, PR Newswire reported. More
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By Leah McBride Mensching,
Friday 18 January 2008 at 22:58 :: Circulaton & Distribution
The Times will be sold on newsstands in parts of South Africa's Gauteng province beginning in mid-February.
The sister publication of The Sunday Times is delivered daily to about 126,000 Sunday Times subscribers for free, and is expected to retail at R3.50 (about € 0.34) on newsstands, Business Day reported. More
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By Erina Lin,
Friday 18 January 2008 at 22:05 :: General
The U.S. adult online population use the Internet more than TV and radio in a day, according to research firm eMarketer.
A U.S. adult online user spends 2.91 hours on average online, another 2.78 hours on TV and only 1.87 hours on radio. More
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By Leah McBride Mensching,
Friday 18 January 2008 at 22:02 :: Young Reader
Although most teens don't follow serious news online, news organisations can cultivate their interest by learning how to catch their eyes, a new study by the Media Management Center at Northwestern University claims.
Other tactics news outlets can use to get the attention of teen readers is to “diminish their angst, go where they are on the Web (and) enlist parents and teachers in the cause and help them develop a 'news persona',” the MMC states in the report's executive summary. More
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By Erina Lin,
Friday 18 January 2008 at 21:40 :: Competition
In order to boost circulation and shore up ad revenues, The Independent is considering a free edition, experts in the media industry told MediaGuardian, according to a report Thursday.
The report however, is "utter rubbish," Editor-in-chief of the Independent Simon Kelner told MediaGuardian. "And I think it's shameful journalism on the part of Guardian Media that you present unsubstantiated gossip as news," he is quoted by the site as saying. More
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By Erina Lin,
Friday 18 January 2008 at 21:38 :: Online/Digital Publishing
Time Warner Cable will modify a new pricing structure for high-speed Internet access later this year, charging users based on the amount of data they download, according to a company spokesman Wednesday.
As the second-largest cable provider in the United States, the company will start a trial in Beaumont, Texas. To new online customers, it will sell different tiered levels of service based on how much data they download per month, not the fixed-price with unlimited downloads as usual. More
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By Leah McBride Mensching,
Friday 18 January 2008 at 19:36 :: Media Ownership
New regulations announced earlier this week by the Canadian Radio-television and Telecommunications Commission (CRTC) that aim to limit cross-ownership of newspapers, television and radio and limit media consolidations are most likely to hurt mid-sized media companies and those looking to sell shares to the public, the Financial Post reported Friday.
Privately-held CTVglobemedia (owner of The Globe and Mail), Torstar Corp. (The Toronto Star) and Corus Entertainment Inc. could all fall victim to the new policy, according to an informal survey of analysts, the Post stated. More
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By Leah McBride Mensching,
Friday 18 January 2008 at 18:46 :: Media Ownership
Danish investor Morten Lund has bought a 51 percent stake in Icelandic holding company Dagsbrún Media.
The company publishes Danish free newspaper Nyhedsavisen, from Baugur Group. More
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Thursday 17 January 2008
By Leah McBride Mensching,
Thursday 17 January 2008 at 23:48 :: Circulaton & Distribution
More than 45 percent of the newspaper market share in Switzerland is made up by free titles, and growing competition from those titles may have been one of the reasons paid weekly Das Stadtblatt, in Winterthur, moved to a free Sunday distribution beginning this year, Newspaper Innovation reported Thursday.
Five national titles in the German-speaking part of Switzerland are free, while two titles are free in the French speaking part. Winterthur, home of Das Stadtblatt, is located northeast of Zurich. More
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By Leah McBride Mensching,
Thursday 17 January 2008 at 23:20 :: General
Web users in Korea will able to access more free security programmes beginning in April, as NHN Corp., which runs Naver, the country's most popular portal, announced Wednesday it will provide a real-time antivirus programme for free in partnership with local web security firm Ahn Lab.
Naver will offer the programme as part of its “PC Green” user service, The Korea Herald reported Thursday. More
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By Leah McBride Mensching,
Thursday 17 January 2008 at 22:48 :: Newspaper Data
HT Media Ltd. reported a 10 percent net profit rise in the quarter of October through December in 2007 from the same period the year before, due to better advertising revenue growth, the newspaper publisher announced Thursday.
The New Delhi-based publisher of English newspaper Hindustan Times reported a net profit of 369 million rupees on net sales of 3.2 billion rupees between October and December of last year, while sales rose 16 percent. More
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By Erina Lin,
Thursday 17 January 2008 at 22:32 :: Online/Digital Publishing
The Chicago Tribune announced Thursday it will expand its community journalism Web site coverage to Chicago's southwest and western suburbs.
Officials at Tribl |