Media news roundup: Wall Street Journal Europe is closing today

 
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The Wall Street Journal will no longer publish a European edition after today (Source: Getty)

The Wall Street Journal ends its 24-year history of publishing a European edition today.

The final Europe print edition is out today, while the Asian version is set to close next week.

Losses at Rupert Murdoch's News Corp, which owns the paper, have widened as the advertising revenue slipped.

European and Asian editions of the WSJ are now closing down as the title turns to online subscriptions rather than print advertising as a source of revenue.

What's going on elsewhere in the media business

The Daily Mail & General Trust, parent company to the Metro, Daily Mail and Mail on Sunday newspapers, is slimming down its education technology business.

The company said today it is selling off the Admissions software enterprise which is part of education tech business Hobsons. The arm made a quarter of Hobsons revenue last year.

Read more: MailOnline growth drives advertising boost for DMGT

Meanwhile the maker and distributor of several popular reality shows has swung back to profit. DCD Media made a pre-tax profit of £300,000 in the first half, compared to a loss of £500,000 last year.

The firm owns distribution, production and post production companies operating in the UK and US. It won the rights to distribute hit American series Mama June: From Not to Hot during the period.

Read more: Focus on documentaries pushes Zinc Media back to profit

Porta Communications, owner of Redleaf Communications, is also looking healthier after shaking up its board, reporting increased revenue and underlying earnings. But its debt pile increased to more than £10m in the first six months of the year.

Read more: Look to the communications sector for how the UK can thrive outside the EU

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