Date

Tue - 21.11.2017


profit

It’s easy to find pessimistic statements about the impossibility of traditional newspapers making real money from online news. But the gloom isn’t everywhere. Mail Online’s publisher Martin Clarke told investors last Wednesday that the newspaper website is expecting to become profitable for the first time this year.

According to paidContent, Clarke stated that the site expects to break even this year, with revenues of £25m. This figure is expected to rise to £45m in 2013 and £100m within the next five years. Clarke shares these projections despite the fact that, last November, Martin Morgan, CEO of Mail Online’s parent company DGMT, said that “profitability on a meaningful scale is not going to be until 2013 or so,” according to paidContent.  

Author

Hannah Vinter

Date

2012-04-23 16:57

Metro, the free morning national newspaper, has hinted at record profits of more than £9m in 2010, but ruled out bidding for one of Jeremy Hunt's proposed local TV station contracts. Metro, which is published by Daily Mail & General Trust (DMGT), has an audited circulation of 1.38 million and is distributed across 50 cities.

Continue reading on MediaWeek

Author

Anton Jolkovski

Date

2011-01-25 18:14

Italian media group Gruppo Editoriale L'Espresso reported a net profit of €36.3 million in the first nine months of 2010, up from €1.2 million gained last year, Reuters revealed today.

The company, which owns national daily La Repubblica and 17 local publications, said it "improved profitability by cutting costs at its newspapers and generating more revenue from radio and its Internet websites," The Wall Street Journal informed. The growth is expected to continue through the year.

Overall revenues slightly declined from €640.9 million to €639,5 million due to a decrease in circulation. However, advertising revenue grew by 7.1 percent to €369.3, mostly due to a 21.7 percent increase in Internet ads, La Repubblica reported.

According to the company's press release, Repubblica.it has 1.5 million users, which represents a 25 percent growth since 2009. The group also reported good results for its national daily, as it sales remained stable (+0.1 percent) and average daily readership reached 3.3 million (1.9 percent).

Author

Clara Mart

Date

2010-10-20 17:57

Shares of Gannett Co. Inc plunged 8.02 percent today to $12.96, after its quarterly revenue fell short of expectations for the biggest U.S. newspaper chain, AFP reported.

The company's net profit in the third quarter was up 37.5 percent to $101.4 million compared to the same period a year ago.

Revenue, however, remained flat at $1.31 billion, which was short of the Wall Street expectation's $1.32 billion.

The publishing unit had its revenue down almost 5 percent to $969.4 million, including a 5-percent decline in advertising revenue to $646.7 million, Reuters reported.

Broadcasting revenue, on the other hand, gained 22.3 percent to $185.3 million, with digital revenue up 10.2 percent to $157.7 million.

Author

Erina Lin

Date

2010-10-15 21:51

The price war led by Richard Desmond to attract more readers to the Daily Star reduced the revenue of his newspaper publishing division, Express Newspapers, by £52.2 million for a total of £211 million in 2009, The Financial Times reported today.

Although the move increased the Daily Star's circulation in the United Kingdom from 809,992 in June to 862,005 in August, the company reported last year a pre-tax loss of £15.6 million. According to Media Week, the cost of money-off vouchers to lower the price of the paper cost £52.2 million.

Photo source: BBC
"The largest single factor which affected the financial performance of [Express Newspapers] in the year arose from the furtherance of the group's policy to ensure that its main products were the most competitively priced in each of its market segments," said the publishing group in a statement, The Financial Times quoted.

Desmond dropped the Daily Star's price in July from 20p to 10p in order to attract readers from The Sun and the Daily Mirror, Media Week reminded. However, the paper returned to its full cover price this week.

Author

Clara Mart

Date

2010-10-08 23:56

City A.M., London's free daily newspaper, reported profits for the first time in 18 months due to a 39 percent increase in advertising revenue during the first six months of the year, Marketing Week revealed today.

The newspaper's made a operating profit of £546,000 compared with a £302,000 operating loss during the same period in 2008, The Guardian pointed out. Overall, the company reported pre-tax profits of £423,000 while last year it had £419,000 of pre-tax loss.

"After 18 difficult months for all media we are now back on the growth rate we had before the financial crisis," said City AM chief executive Jens Torpe, Press Gazette quoted. "We are confident we can maintain this positive trend and are therefore increasing the circulation this autumn by adding some 30 to 40 new stations in the commuter belt."

The company also revealed that in 2009 total losses reached £773,000, and that it still has to regained £8m million from total net investment and losses. Currently, City A.M. had a daily circulation of 100,000 copies.

Author

Clara Mart

Date

2010-10-06 23:40

Independent News and Media's newspapers have returned to pre-tax profits after selling loss-making titles, The Irish Times reported today. Revenues for the first half of the year reached €656.5 million, up 7.8 percent, as operating profit increased 29.2 percent, to €94.6 million. Earnings before taxes, amortisation and depreciation were up 26.1 percent, to €115.6 million.

The Ireland-based INM sold its UK Independent and Independent on Sunday titles in April, and also sold its remaining share in India-based Jagran Prakashan Limited media group, lowering its net debt by €360.1 million in the period from June 2009 to June 2010. INM reported pre-tax losses of €31 million for the year of 2009, according to MediaGuardian.

Pre-tax profits were at €53.3 million, up more than 39 percent compared to a year prior, RTE.ie reported. Advertising is picking up gradually, and the group expects healthy profit growths for the full year, INM COO Vincent Crowley told RTE.

Author

Leah McBride Mensching

Date

2010-08-27 16:55

The E.W. Scripps Co. Monday reported its second-quarter revenue and net income up, and said its trends are expected to improve through the second half of the year, according to the Associated Press article posted on Business Week.

The Cincinnati-based company's net income reached $99.5 million, or $1.56 per share, in the second quarter, up from $2.3 million, or 4 cents per share, year-over-year, Market Watch reported.

Revenue increased 5 percent to $189 million, beating Analysts' expectation of $179.9 million.

The television unit had its revenue jumped, while newspaper's revenue slipped 4 percent.

"Thanks to shared sacrifice and difficult decisions across the company, we're now in a strong financial position and devoting our creative energies to new opportunities arising from the relentless evolution of media," according to Scripps President and CEO Rich Boehne, Business Week reported.

Author

Erina Lin

Date

2010-08-09 23:27

West Australian Newspapers Holdings reported a 10.3 percent increase in full-year profit due to a modest market recovery, according to The Australian Business Journal.

However, the publisher was cautious about that its new financial year, as uncertainty about the federal government's planned tax on resources companies and the upcoming federal election's drag on advertising demand, the Australian reported.

The company's net profit for the 12 months ended June 30 totalled A$96.2 million, from $87.2 million in the previous year.

In the last quarter of the fiscal year, the company posted a profit of $24.7 million, up 28 percent compared to the same period one year ago. Full-year revenue declined to $409.2 million from $418.0 million, with yearly revenue at its flagship title West Australian slipping 2.8 percent at $246.1 million.

Circulation revenue at the paper fell 5.4 percent to $66.5 million.

Author

Erina Lin

Date

2010-08-04 22:52

Trinity Mirror today reported a 25.7 percent operating profit increase to £61.7 million in the first six months of 2010, enhanced by a £2.7 million profit and £18.2 million revenue generated from the recently acquired Manchester Evening News and 35 other regional publications, MediaWeek informed.

In March, the company bought the Guardian Media Group's Regional Media for £44.8 million. The deal "has helped to boost the group's income, which would have suffered a 5 percent drop without it," MediaGuardian explained.

"The acquisition of GMG Regional Media was a clear demonstration of our ability to lead consolidation in regional media in a way that adds substantial value for shareholders," Trinity Mirror CEO Sly Bailey state in a press release.

Overall, the publisher of the Daily Mirror kept the group's total revenues at £382 million, slightly down from the £383.0 million gained in 2009. According to the company's report, 46 percent of the total revenue comes from advertising.

Author

Clara Mart

Date

2010-07-29 22:12

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