Wilmington releases financial results
Wilmington plc released its financial results on 16 September for the year ending 30th June 2024, reporting that it sustained double digit profit growth.
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.
Wilmington plc released its financial results on 16 September for the year ending 30th June 2024, reporting that it sustained double digit profit growth.
The Independent honours Prince William, Stella Mccartney, Sadiq Khan, Greta Thunberg, Leonardo DiCaprio and more as climate change heroes of 2024.
PA Media has announced the extension of its fact-checking service to cover real-time responses to major stories.
A report has lifted the lid on a city's child poverty shame - as a campaign launches demanding change.
Reach has announced that Gary Jones is to step down as editor-in-chief of the Express.
The Bureau of Investigative Journalism, openDemocracy and The Bristol Cable are the latest publications to join UK independent press regulator Impress.
SeenThis introduces more sustainable video advertising to the Japanese market.
Today National World is launching a Silent Crime campaign to give victims a voice - and to demand that those in power listen.
Guardian Media Group has announced it is in negotiations with Tortoise Media over one of the world’s oldest Sunday newspapers.
Cafeyn has launched a new product and brand identity to offer its users a personalised experience in digital reading.
Who aspires to a career in journalism and why? James Evelegh reads the thoughts of six new journalism students to find out…
The Guardian Media Group has published its 2023/24 statutory accounts.
Utiq has announced a partnership with mediarithmics to deliver deterministic, privacy-first, addressable digital marketing capabilities.
Nativo has announced the launch of Brand Rank, enabling advertisers to measure the mid-funnel by connecting content to outcomes.
The Financial Times was the big winner last week at the Future of Media Awards 2024, taking home four trophies.