Print Round-Up: News International; Northcliffe; City AM; CN Group, Newsquest
—News International: Six months after effectively shutting down its magazines division, News International has sold the remnants, essentially glossy women’s mag Love it, to German-owned publisher Hubert Burda Media. The terms weren’t disclosed, but three years after launching News Magazines, News International will be glad to put the episode behind it: In its last financial year the division had a loss of almost £10 million. Via MarketingWeek.co.uk.
—Northcliffe: DMGT’s local newspaper business is is considering outsourcing 40 advertising jobs, a large proportion of its national sales department, to the Mediaforce agency, which also represents Johnston Press. There will be could be some “unavoidable long-term displacements” as a result, but all 40 will be found jobs within the company for the time being. Display advertising will be outsourced but Northcliffe will still look after its classified ads. David Roddick, Northcliffe Media’s commercial director, told us that the move was designed to drive revenues on a more sustainable cost base. UPDATED.
—City AM: Free financial daily newspaper City AM has put plans to expand outside of London on hold due to the economic outlook. Launched as a London-only title in 2005, the paper is inching towards profitably and in October announced it would distribute a combined 17,000 copies in Manchester and Edinburgh from next year. But chief executive Jens Torpe now says: “In the present climate you’d be an absolute fool to invest heavily, unless you have a sovereign wealth fund behind you...As soon as the market gets back to something like normal again we’re absolutely ready.” From Pressgazette.co.uk.
—CN Group: The regional newspaper contraction of 2008 continues unchecked well into December with the news that Carlisle News and Star publisher CN Group is axing 40 jobs, apparently adding ten to the 30 already announced last month. CN’s newspaper, radio and publishing divisions may all be affected. From the Business Gazette.
—Newsquest: Perhaps the most active budget-cutter in regional newspapers at the moment, Newsquest is axing eight jobs at the Westmorland Gazette in Cumbria. Also from the Business Gazette.
Posted In: Advertising, Jobs & Layoffs, Media & Publishing, Women-Centric Content, Magazines, Newspapers, Companies, DMGT, News Corp., News International, layoffs