WAN-IFRA

Shaping the Future of the Newspaper

Date

Mon - 22.09.2014


local newspapers

Yesterday, billionaire Warren Buffett, revealed that his company Berkshire Hathaway is buying up 63 Media General newspapers for a total of $142m. As the Tampa Bay Times reports, a $400m loan and $45m in credit to help Media General pay off its debts are also part of the deal.

The sale is quite a turn around for the man who famously said in 2009 that he would not consider buying most papers in the US “at any price” because “they have the possibility of going to just unending losses.” And it has certainly raised some eyebrows. “Maybe he something we don’t…” begins the Business Etc article on the deal.

Author

Hannah Vinter's picture

Hannah Vinter

Date

2012-05-18 18:25

By the end of next month, five Johnston Press daily local papers will begin publishing in print just once a week and will distribute daily news on digital platforms only, the company announced today.

The changes were already suggested last month, when CEO of Johnston Press Ashley Highfield told paidContent: “we’re going to flip the model from newspaper-first every day to digital-first.” Highfield suggested that in the future Johnston press papers would “produce a bumper weekly in print. By 2020, that will be the model. We’ve run the numbers and think that can be a profitable model.”

Although the nature of the re-launches at Johnston Press are not surprising, the speed with which they are being implemented is more of a shock. According to the company’s press release, Johnston Press intends to radically redesign all of its 170 titles by the end of the year to make them “platform neutral.” Further details of Johnston Press’s new digital publishing strategy will announced on 25th April, when the company is due to release its annual results.

Author

Hannah Vinter's picture

Hannah Vinter

Date

2012-04-16 17:24

A rough economic climate made 2011 a hard year in Britain, both for local business and for local newspapers. But perhaps a problem shared is a problem halved for the two industries, as the Newspaper Society has named the winners of its Local Business Accelerators scheme, which supports new business while promoting local newspaper advertising.

The scheme, launched last year, and described as a "special partnership between your local newspaper and selected businesses in your community", encouraged UK start-ups to apply for a chance to win a three month advertising campaign with their local paper, as well as mentoring from a business expert.

The initiative is backed by Deborah Meaden from Dragon's Den, who will mentor the overall national winner, to be chosen later this year.

The first round of roughly 1,500 winners, who will have their ads hosted by 500 participating local papers, was announced two days ago. The winning companies were congratulated on Twitter by British PM David Cameron, who also acknowledged the local papers that supported the scheme.

Author

Hannah Vinter's picture

Hannah Vinter

Date

2012-01-13 16:04

by Judy Muller

We've been hearing a lot of depressing news in recent years about the dire financial prospects for big daily newspapers, including the one you're now holding. Or watching. Or, in the argot of the digital age, "experiencing."

But at the risk of sounding like I'm whistling past the graveyard, I'd like to point out that there are thousands of newspapers that are not just surviving but thriving.

Continue reading in The Los Angeles Times

Author

Anton Jolkovski's picture

Anton Jolkovski

Date

2011-09-14 10:29

After enduring a seven-year decline that has resulted in well over £1bn in ad revenue bleeding out of regional newspapers, Daily Mail & General Trust last week hoisted the white flag over any ambition to be a long-term player in the embattled sector. The publisher admitted it is keen to offload Northcliffe Media, home to more than 100 daily and weekly regional titles from Hull to Bath, and has no desire to put "fresh capital" in and lead what it views as a necessary large-scale consolidation in the sector.

Continue reading on guardian.co.uk

Author

Anton Jolkovski's picture

Anton Jolkovski

Date

2011-02-14 17:51

Midday Monday and the Farnham Herald in Surrey is a hive of activity.

Beyond the reception area, you can see, and hear, advertising staff and journalists - reporters, sub-editors, photographers alike - busy working on this week's edition.

The open-plan office is parochial, slightly frayed, but functional. An old clock hanging on the wall counts down this week's deadline.

Continue reading on journalism.co.uk

Author

Anton Jolkovski's picture

Anton Jolkovski

Date

2011-02-10 18:24

Publishers Detroit Media Partner (DMP) and Star Media Group (SMD), both owned by Gannett Co., are teaming up with Yahoo for a digital advertising venture that would allow advertisers to place ads on Yahoo's sites to reach audiences within required specifications, IndyStar.com and Freep.com reported today.

"Local advertising continues to be an important area of focus for us, and Yahoo is committed to helping local businesses reach high-quality target audiences," said Lem Lloyd, vice president of Yahoo Americas channel sales, in a DMG press release.

DMP will be offering Yahoo's inventory so that local advertisers can reach a wider user base and so that they look for consumers through enhanced audience targeting (location, demographics, interests), according to press release. John Kridelbaugh, SMG vice president for market development and digital, explained that behavioural and demographic factors could seem more compelling to advertisers than geographic location, IndyStar.com wrote.

Author

Alisa Zykova

Date

2010-10-07 18:41

Tindle Newspapers Group, which owns more than 200 local titles in the UK, launched on Friday three weeklies despite the economic downturn that continues to affect the industry, Press Gazette reported.

The Barnet & Potters Bar Press, the Hendon & Finchley Press and the Edgware and Mill Hill Press will be distributed door to door to 90,000 homes in the North London, the company announced in a press release. The weeklies have ultra local news of areas already broadly covered by The Press, one of Tindle's publications.

Sir Ray Tindle, founder of the Tindle Newspapers Group, during the launch of a press facility. Photo source: NEWBURY Weekly News Printers Ltd

"It gives us the chance to get closer to the readers and advertisers in the communities we serve," said Alison Cruse, publishing director of North London & Herts Newspapers.

In March, Tindle Newspapers launched other four local titles in Enfield and Barnet as part of an overall strategy to increase the number of community newspapers in England and Well, the Press Gazette noted.

Author

Clara Mart

Date

2010-09-27 17:06

Finance company PPF has sold its PPF Media division and shut down its local media project in the Czech Republic, called Naše Adresa ("Our Address"), which created a network of local weeklies across the country.

PPF invested at least Kc200 million (€8.05 million) in Naše Adresa, but the pilot project "did not meet the parameters of return on investment," the group's spokesman told the Czech News Agency (CTK) today. PPF sold its PPF Media company to investor Richard Benysek, CTK reported Friday.

"The pilot project, during which the PPF Media websites operated hyperlocal news and published [print weeklies] in seven regions of the ČR, has not complied with the parameters of commercial return on the PPF targets," PPF stated in a report dated Aug. 27, aktuálnĕ.cz reported.

However, the reason the project was shuttered is being debated.

"It's nonsense. How could it earn something while [in its] preparatory [stage]? How can it earn with a few isolated district weeklies? That was the purpose of the pilot project," a journalist who was part of building the project told aktuálnĕ.cz.

PPF's reason for selling PPF Media is that it wants to take on larger investments, worth at least Kc2.5 million (€100 million). Benysek bought PPF Media because he wants to continue growing the group's portfolio of activities, his PR representative told CTK.

Author

Leah McBride Mensching

Date

2010-08-30 23:20

In a move to protect local news providers, the UK Newspaper Society is insisting on a limit to the number of stories that the BBC can publish on its local Web sites. In response, the BBC pledged in a strategy document that it would make efforts to not overwhelm local news.

The Newspaper Society, however, questions whether or not BBC will actually follow through on their claim, or "whether the strategy review may become the latest in a long line of BBC acknowledgement of criticism of its ever-growing activities, without any effective action to curb and reduce them." Furthermore, in BBC's strategy report, it had expressed an intention to expand its coverage of business and local government, deepening the NS's concern that the BBC was overstepping its bounds. To encourage traffic on local sites, the NS has asked the BBC to publish links to local newspaper stories that the BBC uses as sources for its own publications.

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

Author

Leah McBride Mensching

Date

2010-06-02 23:13

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