The Guardian
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Print Round-Up: Centaur Media; Mecom; Archant Life; Northcliffe Media

imageCentaur Media: One month after shutting its Public Private Finance B2B title, Centaur Media is closing Precision Marketing, putting three jobs at risk of redundancy. The monthly magazine had a subscription base of 7,500 in the first half of 2008, but in a statement Centaur says its sister title Marketing Week will now take on its coverage and commercial activities. Centaur’s Brand Strategy magazine remains “under review”. From PG.

Mecom: In a bid to alleviate its large debts and stay on the right side of its banking covenants, European newspaper publisher Mecom is to sell some of its Norwegian titles for 559.3 million kroner (£55.9 million) to local publisher Polaris Media. The deal comes just over a month after the company sold its German titles to M. DuMont Schauberg for €152 million (£135 million). Mecom started the year with approximately £600 million of debt and is reportedly in talks to sell its Polish titles to help it reach its agreed debt-to-profit covenant ratio at the end of the month. From Guardian.co.uk.

Archant Life: Regional newspaper company Archant is to suspend monthly publication of four lifestyle magazines in the Midlands to cut costs. Four of the 65 Archant Life titles, in Shropshire, Staffordshire, Birmingham and Herefordshire, are to switch to annual publication instead, according to reports. Also, Archant Life North’s MD Liz Page has left the company after three years as part of an executive re-shuffle. Via PG.

Northcliffe Media As part of the on-going cost-cutting programme across parent company DMGT, “several” sales staff at Northcliffe Media have left the company. The company last year began outsourcing its national sales jobs to the Mediaforce agency—so now sales director Damian Tidd and London sales head Ross Marshall have left the company as a result. From Brand Republic.

Feb 18, 2009 8:09 AM ET
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Posted In: Media & Publishing, Newspapers, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, DMGT, Countries, Europe, Scandinavia, Norway

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