More jobs go in “extremely challenging and upsetting” cost-cutting at newspaper publisher Trinity Mirror January 27, 2017 Newspaper industry cuts are showing little sign of abating this year, with Trinity Mirror announcing more cuts. Shortly after the publisher announced it was making dozens of redundancies across its regional newsrooms, it has emerged there will be more jobs lost at its national newspapers operation. Read more: Trinity Mirror's cutting dozens of jobs in a [...]
Cinema chain Vue plans £6.6m refurbishment of Leicester Square flagship January 26, 2017 Cinema company Vue Entertainment is planning a £6.6m refurbishment of its Leicester Square flagship. The West End venue, which first opened in October 1938, is planning to upgrade its seating, sound systems and introduce new retail offerings. Read more: Cinema chain Odeon's owner AMC buys Nordic Cinemas Group Guests will have a choice of fully-reclining [...]
Ad giant Publicis Groupe has named top boss Maurice Levy’s sucessor January 26, 2017 The French advertising giant Publicis Groupe has named a successor to long-standing top dog Maurice Levy. Arthur Sadoun, a Publicis insider, will take over as chief executive and chairman at the firm from 1 June. He comes from leading the group's creative agencies under Publicis Communications, which include Saatchi & Saatchi and BBH. The nominating committee said there was no [...]
Three major changes Facebook’s made to trending topics in the fight against fake news January 26, 2017 Facebook has made some major changes to the feature which shows users what topics are trending after serious accusations of bias and amid the wider debate around fake news. The list of topics will no longer be personalised to users' interests, and will instead be based upon their location. Read more: Facebook steps up fake news [...]
Shares in the publisher of the Daily Mail have dived – here’s why January 26, 2017 Growth at the owner of the Daily Mail newspaper ground to a halt in the first quarter, sending shares diving seven per cent. The figures Daily Mail and General Trust (DMGT) revenue grew just one per cent in its b2b business and shrank one per cent on an underlying basis on the dmg media side, which [...]
Ad industry sets out Brexit demands as 2016 spend figures beat expectations January 26, 2017 The advertising industry has today set out its Brexit demands as new data shows it contributes £120bn annually to the UK economy. The Advertising Association (AA), which has also published figures showing ad spend survived the Brexit vote last year, wants the UK’s strength to be preserved and also for EU red tape to be scrapped. [...]
Time Out revenue boosted by 3.1m visitors to its market in Lisbon January 25, 2017 Time Out’s revenue from its market in Portugal more than doubled last year, the media and e-commerce company today revealed. The Time Out Market in Lisbon, which opened in 2014, attracted an estimated 3.1m visitors in 2016, a 63 per cent year-on-year increase. The company believes it may be the Portuguese capital’s most popular attraction. [...]
Multi-million pound Daily Mail printing contract win provides some relief to newspaper group Johnston Press January 25, 2017 Shares in Johnston Press jumped five per cent this morning as the troubled newspaper publisher announced a new multi-million pound printing contract. Johnston Press has entered an agreement with Associated Newspapers to publish the Monday-Saturday editions of the Daily Mail at its Portsmouth site. The deal, which will see Johnston Press print all south west [...]
British Vogue editor-in-chief Alexandra Shulman stands down after 25 years January 25, 2017 The editor-in-chief of British Vogue is to stand down this summer after 25 years in the role. Alexandra Shulman’s June departure was announced by Conde Nast Britain’s managing director Nicholas Coleridge this morning. Read more: How revenue woes are driving a wave of deals in the print media sector “This is an announcement I hoped [...]
Guardian newspaper could switch to a tabloid format and outsource its printing press January 23, 2017 The Guardian newspaper is considering becoming tabloid size and outsourcing its print run, according to reports. Last year, the media group revealed a "transformation programme" to make savings of 20 per cent in an attempt to stem widening losses. Read more: Look who’s back… Brooks to head up news UK Sources close to the company told City PM "all options [...]
