Not a great couple of days for the fortunes of the regional and local press.
Debt heavy Johnson Press have just reported their last quarter's figures which have seen print and digital advertising sales fall 8 per cent in the last 18 weeks.
Circulation revenue also fell 1.6 percent in the period, but improved from the first half.
"With the continued cost savings and the improved advertising declines, we expect full-year results for 2011 to be in line with current market expectations," the company said in a statement released today.
Meanwhile the sorry state of Trinity Mirror continues to worry analysts.
Last week,whilst it was buoyant about the knock on effect nationally of its Mirror papers with the demise of the News of the World and the continuing hacking debate,its regional titles,including of course the Manchester Evening News continue to suffer falls in advertising revenue.
Yesterday the Company announced that it is once again restructuring its operations down in the Midlands with 38 editorial staff and 11 advertising employees going in its Birmingham division and 11 editorial staff and 7 in advertising going as it closes the Chase Post, Stafford Post and the Sutton News.
The Company argues that this latest streamlining means that it can concentrate its resources at its digital production hub but try telling that to the people whose jobs are going.
1 comment:
The Coventry Telegraph has lost its way.
The political stories are worthy of The Socialist. Constant anti-cuts propaganda doesn't wash with a community that saw Crash Gordon decimate the economy with the Coventry Telegraph's full support.
It's concentrating on "And finally.." stories like cat-in-the-bin-woman or panther-one-th-loose.
It's failed to understand online and its website looks like a bugger's muddle.
Few take it. Even fewer take it seriously.
Closing it down would be a solution, not a problem.
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