The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Newspaper Biz Postpones Its Annual Shindig, Stays Optimistic

  • Comments Comments (View)
  • Text Size: A A

It’s supposed to be the newspaper industry’s confidence-inspiring showpiece event. But the World Association of Newspapers (WAN) has been forced to postpone until December its annual World Editors’ Forum and World Newspapers Congress - due be held in Hyderabad, India this March - in a potent illustration of the fortunes of both the news publishing business and the wider economy.

Alongside the various seminars, there is, of course, a lot of schmoozing to be had at the congress, and no small amount of lavish parties held by the host city. Last year in Gothenburg, the congress hosted a record 1,800 delegates. But tickets sales for India - starting at a hefty €1,150 (£1,074) for WAN members, excluding flights - are way below that. Paris-based WAN is cutting its losses and has put the whole thing on ice until December. WAN CEO Timothy Balding is characteristically upbeat, however: “Our belief is that newspaper companies will, by necessity, learn to live with the crisis over the year and be more willing to invest again in conferences and travel by the end of the year.”

But conferences are the last thing on most people’s minds and it takes some optimism to think this will change in 11 months’ time - the recent actions of UK newspapers (relentless restructuring and cost-cutting mixed with technological innovation and digital investment) show no sign of slowing in 2009, as these latest layoffs demonstrate…

Johnston Press: At least 15 volunteers for voluntary redundancies are being sought at Johnston Press’s flagship Leeds newsroom, home of the Yorkshire Post and Yorkshire Evening Post, according to the National Union of Journalists who are promising strike action. This week Johnston announced 49 redundancies at its weekly Midlands titles, due to a centralised subbing system.

Centaur: Magazines are experiencing the same problems, especially on the B2B side. After confirming it was considering shutting its Public Private Finance, Brand Strategy and Precision Marketing magazines, eight journalists have been made redundant following the company’s purchase of Real Homes magazine from Hachette Filipacchi, according to PG.

Ethnic Media Group: The ethnic-centric media in Britain are faring no better than the mainstream press: the country’s two leading ethnic minority papers New Nation and Eastern Eye have gone into administration due to falling sales and advertising revenue. The papers’ publisher Ethnic Media Group will make 25 staff redundant, according to Guardian.co.uk, citing sources. Black/African-Caribbean New Nation currently sells about 6,000 copies a week, though in the last half of 2005 it sold a weekly average of 22,000 according to ABC. Asian-focused Eastern Eye sells fewer then copies 6,000, though its ABC figure for H205 was 20,000. Both are expected to publish their last editions this week.

Update: Guardian.co.uk reports that while Ethnic Media Group has gone into administration, Eastern Eye has been bought by Asian Media & Marketing Group. The new owners are talking with the newspapers’ staff and expect to employ between ten and 15 of them.

Jan 22, 2009 3:19 AM ET

Posted In: Media & Publishing, Magazines, Newspapers, wan

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

iTunes Albums iTunes Albums
1. Lonely Are the Brave
2. Born to Die (Deluxe Version)
3. Born to Die
4. Our Version of Events
5. El Camino
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff