WAN-IFRA

Shaping the Future of the Newspaper

Date

Fri - 28.11.2014


investment

Joint paywall platform Piano Media announced today that it has acquired €2 million in growth capital from 3TS Capital Partners Technology in Central and Eastern Europe Fund, according to a press release. Piano will use the investment to expand its global development and marketing efforts, the release said.

Launched in Slovakia in May 2011 and later expanded to Slovenia in January 2012, Piano Media is an online subscription-based payment service that groups major media outlets into a national paywall, as we previously reported. Currently, 20 publishers with 60 news websites participate in the Piano Media system, according to the release.

Piano Chief Executive and Founder Tomáš Bella said in the press release, “Our €300,000 seed funding, raised in 2011, enabled us to launch in two countries and prove Piano’s model works. This deal represents the next step in Piano’s growth; helping speed our expansion, recruit top talent, ramp up our marketing, broaden our sales channels and keep improving our software.”

Author

Gianna Walton's picture

Gianna Walton

Date

2012-04-17 16:15

Rupert Murdoch's News Corp bought on Monday 90 percent of Wireless Generation, a U.S. company that develops mobile and Internet educational software for teachers, Bloomberg revealed. The media group paid US$360 million in cash for the acquisition.

"We see a $500bn sector in the U.S. alone that is waiting desperately to be transformed by big breakthroughs that extend the reach of great teaching," said Murdoch, The Telegraph quoted.

According to the Financial Times, the deal will allow News Corp compete other media groups that have invested in software and education services like Pearson, which owns the FT Group.

This is the first time in almost 20 years that News Corp, which owns The Wall Street Journal and The New York Post, will "foray into the for-profit world of education since its book publishing arm, Harper Collins, got out of the textbook business in the mid-1990s," The New York Times reminded.

Author

Clara Mart

Date

2010-11-25 16:48

The owner of Express Newspapers, Richard Desmond, has invested £100 million in new colour printing presses for his titles, which include Daily Express, the Sunday Express, the Daily Star and the Daily Star Sunday, Press Gazette reported yesterday.

The new presses will reportedly work three times faster, allowing for later deadlines and fuller coverage of breaking news. They will also allow full colour for editions up to 128 pages, therefore creating the opportunity for the newspapers to profit from colour advertisements.

According to the Daily Express, each press from the German company Koenig & Bauer AG will generate 90,000 copies an hour, instead of 22,000 an hour produced by existing machinery.

The new presses will be installed at Westferry Printers in London, which also prints the Financial Times in the UK and is wholly owned by Desmond after he bought out Telegraph Group last year.

Author

Leah McBride Mensching

Date

2010-05-06 18:58

The first annual World Newspaper Future & Change Study is a global research study about newspaper publishers' business strategies moving forward for the next five years, with the key objective to inspire newspaper executives to invest and innovate their business units and business practices, the latest SFN's report, Charting the Course for Newspapers, reported.

The purpose of the study is to pinpoint the business and strategic challenges of the world's newspapers, and then to identify the publishers' strategies moving forward to turn the challenges into opportunities.

There is no shortage of plans for investment in training development among newspaper publishers around the world in the next three years. Where investment in training is to increase, priorities will be given to building knowledge in the areas most obviously linked to revenue growth: new business development/innovation, advertising sales and e-business development.

The areas are mostly likely to be cut are: legal and ethical knowledge (14.2 percent), technical skills for reporters (8.8 percent), and reporting skills (8.2 percent).

A closer look at where training budgets are expected to increase or stay the same highlights significant differences.

Author

Erina Lin

Date

2010-03-01 23:13

The first annual World Newspaper Future & Change Study is a global research study about newspaper publishers' business strategies moving forward for the next five years, with the key objective to inspire newspaper executives to invest and innovate their business units and business practices, the latest SFN's report, Charting the Course for Newspapers, reported.

The purpose of the study is to pinpoint the business and strategic challenges of the world's newspapers, and then to identify the publishers' strategies moving forward to turn the challenges into opportunities.

The newspaper executive respondents recognise the profound need to build, improve and grow the company through investment. A clear front-runner in both the global survey and the Nordic surveys was product development for new revenue. On an 11-point scale, product development ranked at more than nine points. This signals a clear shift into a proactive, future-minded executive strategy in newspapers around the world.

Author

Erina Lin

Date

2010-01-13 23:55

CNN will invest in local news aggregator Outside.in as part of a US$7 million series B funding round, The Wall Street Journal reported Tuesday. And beginning next year, the Time Warner-owned news network will feature the start-up's feeds on its Web site.

Dow Jones and the New York Post have also signed on, and will receive an ad-free version of the feeds. However, they can also get feeds for free if they include ads, paidContent reported yesterday.

For more on this story, visit our sister site, editorsweblog.org.

Author

Leah McBride Mensching

Date

2009-12-10 22:57

Harbinger Capital sold five million shares of New York Times Co. (NYT) stock Sept. 17 at US$8.25 a share, according to an SEC filing, alleyinsider.com reported last week.

Harbinger said it still considers its stake in the Times Co. a core asset, but the hedge fund has nonetheless taken a beating on its investment in the newspaper publisher, The Deal section of The New York Times reported.

Between 2007 and 2008, the hedge fund spent $500 million building its stake in the company. Its remaining 16 percent stake is now worth around $192 million. Harbinger had taken heavy paper losses on the stock when the share price collapsed along with all other publicly-traded newspaper companies in late 2008, Editor & Publisher also reported.

Author

Leah McBride Mensching

Date

2009-09-28 16:24

When asked if he would consider investing in newspapers, Warren Buffet replied that due to newspapers "possibility of going to just unending losses" he "would not buy them at any price," The Wall Street Journal reported.

While Buffet seemed confident in his share of the Washington Post Co., due to its strong cable business, he didn't deny that its newspaper branch is struggling.

Buffet attributed the problems facing the newspaper industry to the fact that daily printed editions have become less popular among readers who consult sources such as the Internet for their news, and are therefore, less interesting to advertisers as well, the Wall Street Journal reported.

"Twenty, thirty years ago, they were a product that had pricing power that was essential," said Buffett, according to the Economic Times. "They have lost that essential nature."

Author

Leah McBride Mensching

Date

2009-05-04 13:52

Freesheet newspaper group Metro International announced Monday that it obtained a bid offer, which caused the company's class A shares to increase by 60 percent, The Guardian reported. The Sweden-based group's overall value is now estimated to be around SEK380 (€34) million.

Metro International, which was not left unaffected by the global financial slump, mentioned that it would be evaluating the interest from an unnamed bidder "expeditiously." A shareholder meeting may be held in Luxembourg on Wednesday in order to discuss a possible takeover as well as a SEK550 (€49) million rights issue.

"The indication of interest will be evaluated expeditiously," Metro said."At this stage there is no certainty that this will lead to a public offer for Metro International, and the board of directors of Metro International is not in a position to express any view on the potential bid. Further communication will be made in due course."

The group added that it would be holding a vote regarding the financial backing but that directors may not be willing to carry out the plan.

Metro International's advertising sales dropped by 14 percent to €85 million or by 10 percent if operations that were shut down or sold are not taken into account. The firm lost a net of €9.8 million during the last three months of 2008, compared to a €3.9 million profit during the same period the previous year.

Author

Alisa Zykova

Date

2009-02-24 22:45

Netherland's Telegraaf Media Groep (TMG) announced it is selling Dutch editions of magazines Elegance, Residence, CosmoGirl! and Hitkrant to Amsterdam-based Pelican Magazines Hearst, which publishes CARROS, Nautique, En France, The Big Black Book, Tableau and Golf Estate, Publicitas reported Monday.

Negotiations for TMG's other titles JAN, FHM and Motoplus are underway. However, Privé, Vrouw and Autovisie will remain as part of the group.
The changes are predicted to be in effect starting from April 2009. Sixty job positions are thought to be affected, according to Publicitas. The decisions are "subject to positive advice by the Works Council."

Late last year, TMG announced it was planning to separate itself from numerous publishing operations across the globe. The firm's activities in Sweden have already been sold, as have digital divisions in the Ukraine. In addition, two Ukrainian magazines were shut down and others have been put up for sale.

Author

Alisa Zykova

Date

2009-02-18 17:19

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