News Corps Publishing arm to focus on losses at Times and Sunday Times
· losses at the Times and Sunday Times
o £1m a week
o A priority for News Corps soon separating public division
· The deficits
o May stem largely or possibly exclusively from the daily title
o Tolerated for a long time by Murdoch but they have the financial muscle to absorb the losses
· The fact that the publishing company is smaller means that individual newspapers will be in greater focus with investors
o This excludes News Corps more profitable film and TV businesses
· Some say; it may be necessary to reduce losses
o But efforts have proceed delicately due to1981 undertakings signed by Murdoch which bound him to “preserve the separate identities of the Times and Sunday Times”
· News Internationals high profile problems mean that company is skeptical of it is able to win political approval to mean that the company is sceptical as to whether it would be able to win political approval to see the undertakings watered down to allow widespread seven-day working.
· argue that the economic circumstances for newspapers have changed.
o Two smaller competitors are also loss-making.
§ Guardian News & Media, which lost £44.2m last year, is trying to cut 68 editorial jobs
§ The Independent lost £18m in its last full financial year
· Policing the Murdoch undertakings is a responsibility for the six "independent national directors" of Times Newspapers Holdings
· The independent directors are also in place to ensure that "each of the two editors would be free to make his own decision on matters of opinion and news and each would be free to disagree with the other and with any other newspaper in which Mr Murdoch may have an interest".
This shows that newspaper businesses are seeing the decline in newspaper sales - this is primarily due to the increase in new and digital media. It is evident that Murdoch sees this as a threat and it aiming to resolve the issue.
Sunday Times's circulation falls below 900,000 for the first time
· Fell by just under 1% month-on-month in November
· had an average weekly circulation of 894,992 in November, a 7.51% year-on-year fall, according to the latest Audit Bureau of Circulations figures published on Friday.
· best month-on-month performer in a quality Sunday market where all titles lost sales was the Observer
o down 0.77% (October)
· Guardian News & Media's Sunday title was, however, the worst year-on-year performer
o sales down 11.46% compared to November 2011
· The Sunday Times has been flirting with falling below the 900,000 mark since about September
· News International was one of a number of newspaper groups to stop bulk copies in 2009
o grounds that it artificially inflates circulation as consumers receive them for free.
· The Sunday Telegraph which reported a 2.9% month-on-month fall, 432,315, a 7.11% year-on-year decline.
· The Sun on Sunday crept closer to falling below the 2m sales mark, with average weekly circulation falling to 2,009,282 in November
· The worst performer in the tabloid market was Daily Star Sunday
o fell 5.35% to 368,268
· Sales have fallen 44.66% year-on-year, as like other Sunday tabloids the title has seen its 2011 circulation boost resulting from the closure of the News of the World ebb away.
The Sun - Sunday edition
Headline circulation: 2,009,282
Month-on-month change: -1.39%
Year-on-year change: n/a
Overseas: 36,930
Mail on Sunday
Headline circulation: 1,732,385
Month-on-month change: -1.03%
Year-on-year change: -12.32%
UK and Ireland paid-for circulation: 1,570,192 (90.6% of total)
Overseas: 87,147
Bulks: 75,046
Sunday Mirror
Headline circulation: 1,036,457
Month-on-month change: -2.62%
Year-on-year change: -41.12%
Overseas: 18,544
Sunday Express
Headline circulation: 481,009
Month-on-month change: -1.66%
Year-on-year change: -26.94%
Overseas: 13,584
The People
Headline circulation: 445,594
Month-on-month change: -1.80%
Year-on-year change: -44.35%
Overseas: 14,942
Daily Star Sunday
Headline circulation: 368,268
Month-on-month change: -5.35%
Year-on-year change: -44.66%
Overseas: 6,878
Sunday Times
Headline circulation: 894,992
Month-on-month change: -0.97%
Year-on-year change: -7.51%
Overseas: 39,441
Bulks: 9,317
Sunday Telegraph
Headline circulation: 432,315
Month-on-month change: -2.90%
Year-on-year change: -7.11%
Overseas: 10,086
The Observer
Headline circulation: 236,179
Month-on-month change: -0.77%
Year-on-year change: -11.46%
Independent on Sunday
Headline circulation: 118,383
Month-on-month change: -1.20%
Year-on-year change: -11.06%
UK and Ireland paid-for circulation: 62,548 (52.8% of total)
Overseas: 437
Bulks: 55,399
UK newspaper advertising facing bleak forecast for 2013
o national titles forecast to face an almost 9% decline
· slight improvement in the outlook for regional newspapers in 2013
· A second year of double-digit ad decline will see advertising in this sector also dip below the £1bn mark for the first time.
· 2005 the regional newspaper advertising market was worth more than £2.5bn
· The market is set to get worse, with Group M's prediction back in the summer of a 5% year on year fall in 2013 now downgraded to an 8.6% decline.
· Total national newspaper advertising market revenue fall from £1.19bn this year to £1.09bn in 2013, according to Group M.
· advertising at national titles is forecast to fall 9% year-on-year, to £928m, the first time it has fallen below £1bn.
· Total spend on regional newspaper advertising is projected to fall from about £1.09bn this year to £971m at the end of next year.
· Regional print is [already] in trouble but there is a widespread advertiser perception that the problem, in display anyway, is even more serious than it is already," said Group M. …One certainty is that it could do with more demand."
No comments:
Post a Comment