Thursday 19 March 2009
Now even firms going through the hoop can avoid local newspapers!
The latest crazy idea to deprive newspaper publishers of their 20+ percent returns is that businesses that have gone bankrupt will no longer need to advertise creditors' meetings in two local papers.
Can you imagine just how many angry creditors will now miss those important engagements? Mad.
MPs criticise newspaper publishers
I'm sure his friends in the Newspaper Society will get him to come and rough up the nasty oiks who have had a go at them:
(as reported in Press Gazette)Austin Mitchell, Labour MP for Great Grimsby, said: "I think what’s overdone is the companies' loss of profitability.
"When you look at the figures, Trinity Mirror had an operating profit [margin] of 19 per cent, Johnston Press 29 per cent.
"Compare that with Tesco - six per cent. Why are they out to make such huge profits out of the media?"
Bob Russell, Liberal Democrat MP for Colchester, said: "Newspaper conglomerates have been allowed to build up massive profits over the years.
"They have not invested properly, yet they still want to cream off as much profit as they can. The government must act."
The best that any of Dave's acolytes could do was ask for special treatment:
No sign of the BBC's big foot here?Ed Vaizey, Conservative MP for Wantage and Didcot, and shadow culture minister, said the industry decline was clear.
"One major regional news group has seen its advertising decline by 55 per cent in the fourth quarter," he said.
"We all buy our local newspapers assiduously, and we can all see the physical manifestation of what we're talking about. The papers are thinner and the coverage is sketchier."
Vaizey added that the government should "sweep away" legislation that stopped local newspaper groups merging.
Monday 9 February 2009
Another newspaper closes - BBC not to blame
From Press Gazette
Friday 6 February 2009
David, David we need you again ...
In the interests of justice and fairness, one can only hope that David Cameron will be summoned by the great and good of the Newspaper Society to tell Sky to keep its great big boots off the lawns of local newspapers.
Jut remind me again, who owns Sky?
Monday 26 January 2009
Long break, new idea
So, before I start again, take a look at a piece by Richard Addis, from his Shakeup Media blog. Some of the ideas seem to correspond with thoughts expressed on my magazine-oriented blog (Magblog), notably: "Create one single national website for local news."
Wednesday 10 December 2008
Jon Slattery gets with it!
Where, he asks, is the money to come from to run a good local news website? He notes there is not enough advertising revenue to support such an operation, which is why newspapers are such a good idea.
Err, Jon ...
No more local news from local newspapers
The latest development is:
Eleven Newsquest newspapers to close
leading the NUJ to accuse the publisher of abandoning communities altogether.
In addition, Trinity Mirror in Wales are about to announce swingeing cuts, including getting rid of all but one training officer and possibly a raft of subs.