By Stephen Foster on July 18, 2012
Guardian digital revenues increased by 16.3 per cent in the year to April but owner Guardian News & Media (which also owns the Observer and chunks of Auto Trader and Top Right Group, formerly Emap) still reported a stonking operating loss of £44.2m , up from £31.1m. GMG is desperately trying to cut costs on [...]
Posted in Finance, Media, News | Tagged Alan Rusbridger, auto trader, digital, guardian, guardian news and media, losses, scott trust, us operation
By Stephen Foster on March 19, 2012
What a difference an in-demand creative makes. Jeremy Carr (pictured), who joined JWT as a creative director last summer from Dare, has produced the goods for his new agency with the award of Premier Foods’ Hovis, Oxo and Ambrosia from Dare plus Mr Kipling, four of its eight new so-called ‘Power Brands.’ Carr-less Dare loses [...]
Posted in Agencies, Clients, Creative, Finance, News | Tagged 101, ambrosia, cadbury, cossette, dare, fallon, hovis, Iwan Williams, Jeremy Carr, jon Goldstone, JWT, Ken Hoggins, Kraft, losses, Mark Lund, mcbd, Michael Clarke, mr kipling, now, Phil Rumbol, power brands, rhm foods
By Stephen Foster on October 7, 2011
Life looked a bit grim for Haymarket, publisher of Campaign, Management Today, Brand Republic and What Car? among many others, last year after a pre-tax loss in 2009 of £3.7m. This was only the half of it as the company, now wholly-owned by the Heseltine family, was forced to mortgage its collection of properties around [...]
Posted in Finance, Media, News | Tagged brand republic, campaign, hammersmith hq, haymarket, losses, management today, media week, Michael Heseltine, paywall, profits, Rupert Heseltine, what car
By Stephen Foster on August 8, 2011
A week ago we asked where the money was coming from to help the loss-making Guardian newspaper and online group survive the next few years as it tries to find a workable print model and finally earn some profits from its successful (in reader numbers anyway) Guardian Online website. And the answer is: Auto Trader, [...]
Posted in Finance, Media, News | Tagged Alan Rusbridger, Andrew Miller, apax partners, auto trader, emap, guardian, guardian online, John Madejski, losses, observer, reading fc
By Stephen Foster on August 2, 2011
Without the UK’s Guardian newspaper we would probably never have learned the full story about phone hacking at Rupert Murdoch’s News of the World (although the New York Times has also done some fine work). In the UK anyway the rest of Fleet Street showed no inclination whatsoever to follow up the original jailing of [...]
Posted in Finance, Media, News | Tagged Alexander Lebedev, Andrew Miller, auto trader, emap, Gordon Taylor, guardian, guardian media group, i, Independent, losses, Max Clifford, news of the world, observer, phone hacking scandal, Rupert Murdoch, scott trust, website
By Stephen Foster on June 17, 2011
And if that sounds Double Dutch it’s probably because it is. New Guardian Media Group CEO Andrew Miller has announced that he is to cut £25m of print costs as the perennially loss-making paper faces the prospect of running out of money “in three to five years.” Last year the company lost £35m as advertising [...]
Posted in Media, News, Politics | Tagged Alan Rusbridger, Andrew Miller, Daily Telegraph, evening paper, guardian, guardian media group, guardian online, losses, online ad model, paywall, the times
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