Pearson fails to make the grade as shares fall 30 per cent after firm cuts forecast January 18, 2017 Pearson's shares tumbled up to 30 per cent this morning, after the education company withdrew its profit goal for 2018. It has also announced plans to sell its stake in publisher Penguin House, after an "unprecedented period of change and volatility". A textbook perfect storm. Read more: These companies could start offering low-cost degrees The [...]
£4 million for England’s museums January 17, 2017 The Government and the Wolfson Foundation have awarded grants worth £4 million to 39 museums and galleries in England. The foundation put up half the funding for these improvements, which are aimed at increasing access, upgrading public spaces and updating displays. In London, the Natural History Museum is receiving £100,000 for improvements to their iconic [...]
Daily Mail publisher abandons national press project to take on advertising decline January 16, 2017 The publisher of the Daily Mail has abandoned a national newspaper project to pool advertising resources. Project Rio, formerly known as Project Juno, still involves the publishers of the Guardian, Sun and Daily Express among others. But Daily Mail and General Trust (DMGT) is now out, with the publisher said to hold concerns around legal [...]
Goodbye Piccadilly: A short history of the Piccadilly Circus advertising billboards January 16, 2017 On only a handful of occasions in its 100-year history has the hotchpotch of billboards at Piccadilly Circus been intentionally switched off during peacetime. Most famously, when Winston Churchill died, and later, Princess Diana. The advertising space, recognisable around the world, is symbolic of the national mood; it wears black when we mourn. But today, minus [...]
Mumsnet’s Justine Roberts talks community, the value of debate, and bursting the filter bubble January 16, 2017 Time poverty is clearly an issue for Justine Roberts. I have just 40 minutes on the phone with the Mumsnet founder and chief executive to disseminate a lifetime of achievement: PPE student at Oxford, a stint in the City, a journalist with a sports beat and, most recently, a recipient of a CBE for services [...]
Goodbye Piccadilly: It’s lights out for the Circus January 16, 2017 It's lights out for Piccadilly this morning, as the patchwork of billboards adorning the Circus is switched off for the last time, to be replaced with the biggest, most technically advanced, screen in western Europe. In its century long life, the advertising space has rarely been switched off during peacetime, bar a handful of notable [...]
Newspaper industry steps up fight against official press regulator Impress January 13, 2017 The newspaper industry has moved a step forward in its bid to challenge the status of the UK’s officially-recognised press regulator, Impress. The News Media Association (NMA) is in the process of applying for a judicial review of the Press Recognition Panel’s (PRP) decision to recognise Impress. The NMA said today that it had issued [...]
Under Press-ure: Activist takes 19 per cent stake in regional press group January 12, 2017 Regional newspaper group Johnston Press could come under pressure after an activist investor took a 19 per cent stake in the company. Crystal Amber today increased its stake from 6.7 per cent to 18.6 per cent. Read more: Johnston Press reduces debt woes by flogging papers for £17m Johnston Press was among many newspaper companies [...]
Germany’s Hubert Burda Media buys Radio Times and other UK magazines for £270m January 12, 2017 A German media company has announced a deal to buy Radio Times and more than 70 other magazines. Munich-based Hubert Burda Media is understood to have acquired Immediate Media from its private equity owner Exponent and Management for £270m. Announcing the deal this morning, Burda noted that Immediate has more than 19m consumers each month, [...]
Vinyl resurgence to power through into 2017 with $1bn of sales expected January 11, 2017 Vinyl’s resurgence is expected to continue this year, with a new report today forecasting 2017 sales of $1bn (£0.8bn). Deloitte believes vinyl revenues will enjoy their seventh consecutive year of double-digital growth, with 90 per cent coming from new and used discs and the rest from turntables and accessories. Read more: Vinyl comeback led by David Bowie [...]