National World releases trading update
National World plc has released its pre-close trading update for the year ended 31 December 2022.
The newspaper business was built for a world where one product served everyone and advertising paid for most of it. That model has gone. What replaces it is still being worked out title by title, from national groups to weeklies covering a single town.
Reader revenue is the clearest shift. Even Reach, which argued for free access for years, now puts some of its journalism behind a paywall, and the regional titles doing best changed their newsrooms before they asked anyone to pay. Ownership keeps changing too. National World rebuilt local editorships after years of centralisation, and the Observer is being reinvented as a premium print and digital title under new owners.
The strongest publishers understand the difference because they are not trying to be everything to everyone. They are trying to be essential to someone.
Chris Sherrard News media
Local news is where the pressure shows most. Millions of people now live without a dedicated local title, and new reader-funded and membership startups are moving into the gaps. Platforms are pulling back from news at the same time, which leaves trust and a direct relationship with readers as the assets that matter most.
Print hasn't disappeared either. Well-run weeklies still hold on to their readers, with circulation falling slowly while digital audiences grow.
Below you'll find some of our best feature articles on news media, from reader revenue and newsroom change to ownership, local news and trust, alongside our latest news and industry commentary.
Where is the growth opportunity for today’s publishers? Douglas McCabe tracks how the commercial model has evolved over the past fifty years and examines whether a better understanding of what online audiences want, will help drive future growth.
We asked Chris Sherrard, editor-in-chief of The Irish News, what does best practice publishing look like in news media? This is what he said…
After years of resisting paywalls, Reach is now launching them across its titles. But David Higgerson, Reach’s chief content officer, carefully avoided the word ‘U-turn’ when interviewed by Steve Dyson.
It’s one thing to think that readers should pay for your journalism, but the reality is that unless you improve your offering, then you will struggle to start charging for it, as DC Thomson Editor-in-Chief Frank O’Donnell tells Ciar Byrne.
How can you edit a regional newspaper when you never visit the area you’re writing about? By filling it with generic content, an approach that National World’s David Montgomery, the new owner of JPI Media, is rapidly doing away with.
Ray Snoddy talks to Co-CEO Rich Furness about the thinking behind Tortoise Media’s acquisition of the world’s oldest Sunday newspaper and about their plans for its future.
What’s the outlook for national news media in 2024? Christian Broughton, CEO of The Independent, looks ahead.
There is a new generation of entrepreneurs launching local media businesses, bringing with them new ideas on business models and funding. Phil Clark looks at some of the stand-out examples.
With Meta backing away from ‘news’ and AI accelerating the growth of disinformation, we need to redouble our efforts to safeguard access to quality journalism, says News Media Association Chief Executive Owen Meredith.
East Lothian is not just the best place to live – it has the best newsbrand too. Alan Geere heads over the border to find out what’s happening in the world of Scottish weeklies.
National World plc has released its pre-close trading update for the year ended 31 December 2022.
The Reach Group Chapel has passed a motion highlighting the anger and frustration from journalists at the company, following proposed job cuts in editorial posts.
Victoria Watson has been named group managing editor for The Times & The Sunday Times.
News was released this week of the death, just before Christmas, of Nick Herbert, a pivotal figure in the regional press for many years. Peter Sands remembers him.
Prince Harry has been doing the media rounds to promote his book and he is gunning for the UK press.
Fleet Street’s reaction to Prince Harry’s PR blitz, the review of 2022 continued, including front pages of the year…
A coalition representing media from across the world has warned that provisions in the National Security Bill could have a chilling effect on journalism.
Reach plc have issued a trading update for the 3-month period to 25 December 2022.
The latest PAMCo dataset covers the period June 2021 - September 2022 (print data), with September 2022 Ipsos iris digital data.
National World has announced that it has completed two acquisitions as part of its strategy to develop new formats and increase the size of its customer base.
The Telegraph’s electric motoring content continues to evolve with a new dedicated home on the Telegraph website.
As it enters its centennial year, TIME has appointed Sadé Muhammad as chief marketing officer.
The Financial Times has appointed Adrian Barrick as editorial content director of FT Specialist Europe, which includes The Banker, Investors’ Chronicle and fDi Intelligence.
Pelcro have announced that The Day has gone live with their subscription management platform.
Guardian News & Media (GNM) has appointed Richard Furness as its new chief strategy and business development officer.