DMGT reports 2019 Full Year Results
For the twelve months ended 30 September 2019, DMGT has reported revenues of £1,411 million, 2% higher than last year on an underlying basis.
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.
For the twelve months ended 30 September 2019, DMGT has reported revenues of £1,411 million, 2% higher than last year on an underlying basis.
Ongoing news chain supply issues - particularly in the South West region of the country - came into the spotlight at a meeting organised by the NFRN.
The end of the year is always a good time to take stock. What are the big trends shaping the publishing sector and what should we be looking out for next year? We ask AdvantageCS’s Philippe van Mastrigt for his insights.
Reach plc last week issued a trading update for the 52 weeks ending 29 December 2019, covering the period from 1 July to 29 November 2019.
This week, interconnect/it announced the first outcome of its £70k investment in Amazon publishing channels in 2019.
The Society of Editors has expressed concerns for press freedom and freedom of speech following the announcement by Labour it would seek ways to curb fake news if it wins the general election.
Rachel Shields, currently Assistant Editor of Sun Online, has been appointed to the new role of Assistant Editor, The Sun with overall responsibility for the Fabulous brand.
Guardian editor-in-chief Katharine Viner this week announced a series of appointments to the Guardian’s senior editorial team, including a new deputy editor.
The Briefing is a twice-daily show, aimed at commuters, on WhatsApp and all major podcast platforms and smart speakers.
Jessica Diamond has been appointed to a special cross-title luxury role at News UK.
News Media Association chairman David Dinsmore has called on the three main political parties to stop creating fake newspapers.
HuffPost UK and The Ferret worked together on a four-part collaboration to cover some of the many stories of hardship and difficulty faced by people in Scotland.
DMGT announced last week that dmg media, its consumer media business, has acquired the ‘i’ newspaper and website, from JPI Media.
The Telegraph’s new digital recipe channel Cookbook has launched with thousands of recipes and meal ideas.
DC Thomson Media has launched The Stooshie, a new politics podcast offering insight and analysis with a Scottish focus.