Date

Sun - 19.11.2017


Ownership and Regulations

UK-based publishers Telegraph Media Group, Guardian Media Group and Trinity Mirror have put aside their differences in and partnered to petition Business Secretary Vince Cable, asking him to prevent Rupert Murdoch's News Corp. from embarking on a full takeover of satellite broadcaster BSkyB, MediaGuardian reported Monday.

The £8 billion takeover will grant Murdoch with a combined turnover of £7.5 billion. In addition to the newspaper firms, the petition letter was signed by BBC Director General Mark Thomson and Channel 4 Chief Executive David Abraham.

"If the two (News Corp and Sky) were combined, there might be a significant loss of plurality in our media market. (Vince) Cable, the relevant minister, will decide whether he wants to refer this. It's not that they've done anything wrong. It's just that there is a potential of an abuse of power," Thomson said, The Australian reported.

The acquisition will be filed for regulatory approval through the European Commission on the basis that it will function competitively. Once the EC is notified, Cable will have 10 days to make a decision and pass it through the country's current Prime Minister David Cameron.

Author

Alisa Zykova

Date

2010-10-12 16:02

During the 17th World Editors Forum, the results of the Future & Change study, conducted by the Shaping the Future of the Newspaper project, the Norwegian School of Management and the University of Central Lancashire were presented by project director Martha Stone and Dr. Erik Wilberg, associate professor from the Norwegian School of Management. "How to recover the revenue loss that newspapers suffered in the last years lies at the heart of the SFN study," Stone. said

The study investigates how editors and publishers deal with changes taking place in the newspaper business and explores new ways of revenue generation. It also showed that key issues for the newspaper business are finding new revenue model opportunities, a stronger focus on targeted publications and the increase of independence from advertising. Concrete plans to increase revenue was mentioned by respondents, among them more than 45 percent from the top management level. They also indicated wanting a stronger emphasis on businesses outside of newspapers, such as Internet services, other print products, all-advertising newspapers and distribution services.

For more on this story, visit our sister publication, editorsweblog.org.

Author

Leah McBride Mensching

Date

2010-10-06 19:04

French investment fund Fondations Capital and Belgian press group Rossel, publisher of Le Soir and La Voix du Nord, announced on Wednesday they are teaming up to make an offer for daily paper Le Parisien and its complement Aujourd'hui en France, Boursier.com reported.

The duo stated that their goal is to upkeep the editorial independence of the titles, which some think may be under threat, should Serge Dassault, an entrepreneur and politician who has also shown interest, acquire the daily. The two parties said that should the deal go through, Fondations Capital would be the majority stakeholder and would make use of its experience and status as a professional and independent stakeholder. L'Express explained that Rossel would own 40 percent of Le Parisien, while Fondations Capital owned 60 percent.

According to Le Monde, the Groupe Rossel would use the tools of the trade learned from its presence in the French press through La Voix du Nord, a daily paper published in the North of the country.

Author

Alisa Zykova

Date

2010-10-01 17:08

The Competition Authority of France announced that it sees no fault with the acquisition of the daily newspaper Le Monde by businessmen Pierre Bergé, Xavier Niel and Matthieu Pigasse and gave the project "the green light," Le Nouvel Observateur wrote today. Last week Le Monde wrote that the trio would have a 51 percent stake in the company.

According to Agence France-Presse, the organisation explained that the buyers had "limited interests" within print magazines (gay and lesbian title Têtu for Bergé and rock music outlet Les Inrockuptibles for Pigasse) and websites, meaning that the deal had no underlying competition issues. Editorial independence was guaranteed for all the titles involved in the deal, AFP added.

According to Le Monde, an ethics code would be put in place for all the publications and two committees will be established, one for the daily and one for the magazines. The committees would include members of the editorial board, staff, readers, the daily's director as well as two independent and qualified individuals chosen by the Supervisory Board.

Author

Alisa Zykova

Date

2010-10-01 00:03

U.S. media giant AOL announced yesterday that it has bought popular technology blog TechCrunch for nearly US$25 million, said two sources familiar with the venture, Bloomberg reported. However, the San Jose Mercury News speculated that the figure might be anywhere between $25 to $45 million.

"It was either time for us to start investing a lot more money in things like technology and marketing - which probably meant raising a venture round - or to sell and simply partner with somebody who could do that," said TechCrunch founder Michael Arrington. "AOL has a very robust, large blog network that shows they have the software side nailed. So it solves a real problem for us from the technology side."

The deal might have been part of a plan to help restore AOL's diminished market value and subscriber base, Bloomberg pointed out. According to the Los Angeles Times, acquiring TechCrunch was a way to expand AOL's presence in the technology sphere. The Internet provider already owns TechCrunch's contender Engadget, which it bought in 2005. Further, AOL CEO Tim Armstrong explained that the tech aspect might appeal to advertisers.

Author

Alisa Zykova

Date

2010-09-30 16:01

The Russian version of prominent magazine Newsweek may soon be published by the ONEXIM Group, an investment fund that also owns shares in the country's media firm RBK (which has a business daily paper and TV channel), Lenta.Ru reported today. An unofficial ONEXIM source told journalists that the representatives from Axel Springer, current publisher of Newsweek Russia, have already talked the issue over with ONEXIM heads. However, ONEXIM owner Mikhail Prohorov did not participate in the discussions.

Author

Alisa Zykova

Date

2010-09-29 16:46

Australian lawmakers have proposed a new law that would allow journalists to conceal the identity of their sources, The Associated Press reported. Currently, journalists risk being jailed for contempt of court if they attempt to protect their sources' identity.

The first time Parliament convened since last month's elections, Andrew Wilkie introduced the bill, and Attorney General Robert McClelland said that his center-left government will support the bill, the AP specified. It would allow journalists to refuse to identify their sources in court, and McClelland told reporters at Parliament House that "we will start from the premise that the court will presume that the confidentiality of the journalist's source is protected," the AP said.

For more on this story, visit our sister publication, editorsweblog.org.

Author

Leah McBride Mensching

Date

2010-09-29 16:05

French Entrepreneur Serge Dassault (left), whose Dassault group owns right-leaning daily paper Le Figaro, will be making a buyout offer to daily Le Parisien and its complement Aujourd'hui, OZAP reported Wednesday.

"We are effectively inspecting the case. We will be making a decision next week with the opportunity to file an offer," said Francis Morel, Le Figaro Group's general director.

The figure is yet to be revealed although Marie-Odile Amaury, whose firm Amaury currently owns Le Parisien, is demanding €200 million, a number that is deemed as too high, Le Monde pointed out. However, ElectronLibre.com explained that the figure could be close to €170 million, which Amaury considered as the minimal price for the sale.

The Socialist Party (PS) questioned the political motives behind the buyout, pointing out that

Author

Alisa Zykova

Date

2010-09-24 14:55

The upcoming Digital Editors Network (DEN) meeting on Oct. 14 in Manchester, England will feature discussions regarding online journalism standards, digital editions and data scraping, Journalism.co.uk reported today. According to How Do, the agenda will include debates surrounding newspapers' responsibility towards blogs and Twitter entries written by journalists and corrections of online content.

"The Government is promising to unleash a tsunami of data and how publishers respond to the opportunity will be crucial to the development of online journalism," said Nick Turner, the event's organiser, according to the DEN blog. "Rumours of a new iPad subscription plan for publishers being prepared by Apple should focus minds on how we make the most of new platforms. Finally, we aim to consider how far the self-regulatory framework that upholds newspapers standards should extend in the online world."

Participants include Will Gore from the Press Complaints Commission (PCC), Ben Edwards, from digital publisher PageSuite and Francis Irving from ScraperWiki, which provides online tools to gather relevant information from the Web regarding a given subject.

Author

Alisa Zykova

Date

2010-09-23 19:27

Following reports that Apple is stepping up its efforts to get publishers on board for a proposed newspaper and magazine subscription portal run through Apple for publications on the iPad and iPhone, Agence France-Presse has reported on concerns on surrendering control over subscriptions to the tech giant.

An 'iTunes for news' seems a logical step for Apple, which as well as its groundbreaking music store, also sells TV shows, films and more recently, books. And iTunes has been credited with helping to curb the trend of illegal downloading songs which threatened to seriously damage the music industry. The simplicity and convenience of iTunes has persuaded millions of people to purchase music online, and many have wondered if it could do the same for news.

For more on this story, visit our sister publication, editorsweblog.org.

Author

Leah McBride Mensching

Date

2010-09-23 16:42

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