Guardian and NYT post losses

IRE60

Just as you thought things might improve - on the digital front:


Guardian has made a loss of £173m. More worrying:
Digital income has declined from £83.8m in the year to March 2015 to £81.9m
http://www.pressgazette.co.uk/fall-in-digital-revenue-at-guardian-publisher-fuels-pre-tax-loss-of-173m/


New York times posts a loss as well.
Total advertising revenue fell about 12 percent, to $131 million. Print advertising revenue slid 14 percent in the quarter, and digital advertising revenue dropped 7 percent, to $45 million.
http://www.nytimes.com/2016/07/29/business/media/new-york-times-co-q2-earnings.html

JTMan

Same trends mainly:
- Newspaper circulation continues downward.
- Newspaper advertising revenue continues downward.
- Digital subscription revenue up but still minute.
- New recent trend: Digital advertising revenue down as Facebook, Google etc take lions share of digital advertising revenue. Worrying trend for publishers.
- Profits down / losses up.
- Job losses.
- Downward spiral continues.

Meanwhile, the Irish Times have published their accounts here.
- Hugh gain by the wind-up of the staff DB pension scheme.
- Circulation revenue down.
- Contract print revenue down.
- Operational loss of 1.1 million EUR.
- Staff costs up (Unbelievable but they now have more staff, now employ 444 staff).
- Improving Irish economy providing a degree of short-term shielding to the broader trends in the global print industry. (i.e. declines not as big as UK and US publishers).
- Cash down from 11 million to 9 million EUR.
- New print contracts (probably Irish Daily Star and Sunday World) towards the end of 2015 should increase 2016 contract print revenue.

JTMan

Trinity Mirror have just published their accounts. Media Guardian report here.

- Local World has skewed the profit numbers.
On a like-for-lie basis:
- Revenue down 7.8% in H1 2016.
- Print revenue down 10.3% in H1 2016.
- 15 million GBP in cost cutting for 2016.
- Digital revenue increases not even close to matching print revenue decreases.
- Pension deficit rocketed by £120.8m to £426m.
- Debt reduced by almost half from £92.9m to £48m.

Trinity Mirror broadly displaying the same trends as the rest of the industry.