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The decline continues

13567…30

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  • #62
    Loafing Oaf
    Registered Users Posts: 15,977 ✭✭✭✭Loafing Oaf


    JTMan wrote: »
    Back to the main problem ... the competition authorities will have a canary if INM want editorial control over the Examiner. Daily or weekly. I think it is highly unlikely to be approved.

    I wonder what attitude the competition authorities take if it comes down to a stark choice between a given publication/radio station being taken over by Denis O'Brien/INM and closing down...You occasionally hear talk of the Broadcasting Authority forcing Communicorp to sell Newstalk, which would surely in practice mean forcing its closure.


  • #63
    JTMan
    Registered Users Posts: 5,535 ✭✭✭JTMan


    In the case of the Irish Examiner I cannot see it coming down to closure or INM acquisition. Whilst there may be no suitors for the small regional LM publications, LM is likely to get a few suitors for the Irish Examiner. Management buyout of the Irish Examiner is another option.


  • #64
    JTMan
    Registered Users Posts: 5,535 ✭✭✭JTMan


    INM to merge ‘Herald’ and ‘Sunday World’ newsrooms. Story here.

    I thought that INM merged newsrooms years ago?

    Not a single mention of The Irish Daily Star in the article which is probably not a good sign for the publication.


  • #65
    JTMan
    Registered Users Posts: 5,535 ✭✭✭JTMan


    INM have published their results:

    http://www.inmplc.com/~/media/Files/I/INM/investor-docs/reports-and-presentations/2016-preliminary-results.pdf

    - Newspaper advertising revenue down to 63.9 million from 70.4 million.
    - Digital advertising revenue up from 12.5 to 15.1 million.
    - Revenue from sale of newspapers and magazines down to 95.8 from 101.1 million.
    - Revenue from distribution/commercial printing activities up to 148.6 from 135.4.

    Newspaper sales revenue and advertising revenue continue to suffer. Online digital revenue continues to increase but not enough to cover lost newspaper revenue. Distribution revenue continues to go up as INM diversify their distribution income.


  • #66
    IRE60
    Registered Users Posts: 1,880 ✭✭✭IRE60


    I had to do a bit of 'bird' and then 'went on the lamb' - but ar ais aris!

    C


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  • #67
    manageit
    Registered Users Posts: 23 ✭manageit


    IRE60 wrote: »
    I had to do a bit of 'bird' and then 'went on the lamb' - but ar ais aris!

    C
    Fully rehabilitated, I hope.


  • #68
    IRE60
    Registered Users Posts: 1,880 ✭✭✭IRE60


    manageit wrote: »
    Fully rehabilitated, I hope.

    100% yer Honor


  • #69
    IRE60
    Registered Users Posts: 1,880 ✭✭✭IRE60


    JTMan wrote: »
    INM have published their results:

    http://www.inmplc.com/~/media/Files/I/INM/investor-docs/reports-and-presentations/2016-preliminary-results.pdf

    - Newspaper advertising revenue down to 63.9 million from 70.4 million.
    - Digital advertising revenue up from 12.5 to 15.1 million.
    - Revenue from sale of newspapers and magazines down to 95.8 from 101.1 million.
    - Revenue from distribution/commercial printing activities up to 148.6 from 135.4.

    Newspaper sales revenue and advertising revenue continue to suffer. Online digital revenue continues to increase but not enough to cover lost newspaper revenue. Distribution revenue continues to go up as INM diversify their distribution income.

    Yes, Newspread bringing in the cash! Nothing out of the blue bar the addendum to the notice which lead to this gem:
    https//www.irishtimes.com/business/media-and-marketing/inm-chief-made-protected-disclosure-under-whistleblower-rules-1.3019233

    Jesus that makes things difficult for all - the pricetag for Newstalk was 'given' to the Indo i believe - they took a different and much lower valuation an an asset never having made a serious crust and with limited scope to do so in the future


  • #70
    JTMan
    Registered Users Posts: 5,535 ✭✭✭JTMan


    Welcome back IE60.

    It certainly appears that there are some serious corporate governance concerns over the botched CommuniCorp acquisition. Why on earth anyone would want to own a declining radio station these days, let alone pay a premium price, is beyond me.


  • #71
    IRE60
    Registered Users Posts: 1,880 ✭✭✭IRE60


    Cheers JT

    Maybe they didn't want to own it, maybe someone just wanted to sell it!

    If you look at it strategically it's back in the 80's/90's when IN&M last had a radio station. They divested of all that. Then out of the blue, and they don't have enough trouble with their core business, they 'decide' to buy an ailing radio station. I wouldn't think so.

    It has to be said, it was an 'all in' move by Robert Pitt. He's legally protected from dismissal at this point (I believe) but it means that his days are numbered.


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  • #72
    JTMan
    Registered Users Posts: 5,535 ✭✭✭JTMan


    The Sunday Business Post reports that the Irish Times may bid for the Irish Examiner.


  • #73
    IRE60
    Registered Users Posts: 1,880 ✭✭✭IRE60


    JTMan wrote: »
    The Sunday Business Post reports that the Irish Times may bid for the Irish Examiner.
    Do they have the money? Lost 1.1m last year - i don't think they are in the acquisitions business at the moment.
    Sunday Times say that the Indo looking at buying trade publications.
    All very confusing!


  • #74
    JTMan
    Registered Users Posts: 5,535 ✭✭✭JTMan


    The Irish Times have around 10 million in cash despite the losses. They have the liquidity. Also, the Irish Times are earning a lot of distribution and printing revenue from the Examiner. If someone else purchasers it then that revenue stream may disappear. That said, acquiring another legacy newspaper does not seem a good long term strategic decision.


  • #75
    Loafing Oaf
    Registered Users Posts: 15,977 ✭✭✭✭Loafing Oaf


    JTMan wrote: »
    The Irish Times have around 10 million in cash despite the losses. They have the liquidity. Also, the Irish Times are earning a lot of distribution and printing revenue from the Examiner. If someone else purchasers it then that revenue stream may disappear. That said, acquiring another legacy newspaper does not seem a good long term strategic decision.
    Well the myhome deal was ten years ago, maybe they're itching to do another big one.:P Perhaps looking at a 2 for 1 online subscription? Still hard to see the business rationale whatever...


  • #76
    Harry Palmr
    Closed Accounts Posts: 40,061 ✭✭✭✭Harry Palmr


    Sure the IT owning de papure is inimical for a competitive market.


  • #77
    JTMan
    Registered Users Posts: 5,535 ✭✭✭JTMan


    11 Northern Irish regional newspapers are to close. More here.


  • #78
    An Ciarraioch
    Registered Users Posts: 5,798 ✭✭✭An Ciarraioch


    JTMan wrote: »
    11 Northern Irish regional newspapers are to close. More here.

    The Indo already owns many Southern regional papers and the Bel Tel, so would have made sense for them to take the titles on?


  • #79
    IRE60
    Registered Users Posts: 1,880 ✭✭✭IRE60


    compare and contrast: (fromhttp://www.pressgazette.co.uk)

    The Financial Times has revealed that it now has a record 650,000 digital subscribers with gains fuelled by Brexit and the US presidential election.

    In “annual results†it also confirmed that digital revenues have now overtaken print.

    Privately-owned Japanese company Nikkei bought the Financial Times in November 2015 for £844m.

    The FT said it will not be releasing profit and loss figures.

    The title said digital subscribers grew 14 per cent year on year to 650,000 in 2016.

    Print circulation fell 6 per cent year on to 184,279 in February. The FT’s average daily UK print circulation is 61,158, of which 20,428 are bulk copies distributed at places like hotels and airports. The rest of its print circulation is in Europe (59,771), Asia (27,572) and the US (35,778).

    In the weeks surrounding the UK referendum on leaving the European Union and the US presidential election, the FT says it says new subscriber numbers were up 75 per cent and 33 per cent respectively.

    FT chief executive John Ridding said: “Our first year in partnership with our new owners Nikkei saw the FT achieve record levels of paid-for readership and investment in new digital products and revenue streams.

    “These will help ensure the sustained success of the FT’s business transformation and support for our unrivalled quality global journalism. We are developing substantial areas of cooperation with our partners at Nikkei, based on our shared values and vision.â€


  • #80
    Loafing Oaf
    Registered Users Posts: 15,977 ✭✭✭✭Loafing Oaf


    An Ciarraioch wrote: »
    The Indo already owns many Southern regional papers and the Bel Tel, so would have made sense for them to take the titles on?

    Those names don't ring many bells with me, wouldn't say they're among the most prestigious NI regionals...


  • #81
    IRE60
    Registered Users Posts: 1,880 ✭✭✭IRE60


    Have a look at the financials at the bottom of this page

    https://companycheck.co.uk/company/NI004828/OBSERVER-NEWSPAPERS-NI-LIMITED/companies-house-data

    You can see that the money was flooding out of the business - if they shut now they might squirrel away a few quid.


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  • #82
    Harry Palmr
    Closed Accounts Posts: 40,061 ✭✭✭✭Harry Palmr


    The FT is like Private Eye, a very specific but quite large niche publication. Very hard to compare any standard Mon-Sat paper with it.


  • #83
    JTMan
    Registered Users Posts: 5,535 ✭✭✭JTMan


    IRE60 wrote: »
    You can see that the money was flooding out of the business - if they shut now they might squirrel away a few quid.

    Interesting. A familiar story of a small legacy media group where circulation is collapsing, advertising is collapsing and there is no real digital revenues. Nobody would have purchased Observer Newspapers NI in their right mind.

    This does not bode well for other small regional publishers such as Landmark Media Investments.


  • #84
    JTMan
    Registered Users Posts: 5,535 ✭✭✭JTMan


    Looks like The Irish Times may acquire the Irish Examiner ... http://www.independent.ie/business/media/inm-is-not-in-talks-to-buy-the-irish-examiner-despite-reports-35628197.html


  • #85
    IRE60
    Registered Users Posts: 1,880 ✭✭✭IRE60


    Can't see the indo ever being allowed buy the Examiner - I mean they are still trying to get their hands on Celtic and it's gone for a review by the BAI.


  • #86
    IRE60
    Registered Users Posts: 1,880 ✭✭✭IRE60


    There’s a really interesting set of results in DMGT (Daily/Sunday Mail etc)
    The Press Gazette do a decent summary and at the bottom is a link to their release.

    http://www.pressgazette.co.uk/mail-online-boosted-revenue-to-60m-in-first-six-months-but-not-yet-in-profit/

    https://www.dmgt.com/~/media/Files/D/DMGT/RNS%20release.pdf

    Really interesting, sometimes diverse, group of companies – e.g. they own a company called RMS:
    "RMS is the World's Leading Catastrophe Risk Modeling Company
    From earthquakes, hurricanes, and floods to terrorism and infectious diseases, RMS helps financial institutions and public agencies understand, quantify, and manage risk"

    That’s a class bit of Modeling!

    It’s interesting how they diversified over the years. I know their ‘information’ business was strong years ago, their Events business is fairly legendary in the UK as well – then there are the papers!


  • #87
    JTMan
    Registered Users Posts: 5,535 ✭✭✭JTMan


    I think you linked to a different article. The Press Gazette DMGT results article is here. Mail Online continues to perform.

    It is interesting as to how diversified unrelated revenue streams are keeping some newspaper groups going. INM is being helped, in no small part, by revenue from distributing non-newspaper goods.


  • #88
    IRE60
    Registered Users Posts: 1,880 ✭✭✭IRE60


    can't beat the auld copy book!

    Amended that link (dirty word that, link)

    C


  • #89
    JTMan
    Registered Users Posts: 5,535 ✭✭✭JTMan


    Easons have exited the distribution business selling their stake in EM News Distribution to Menzies. http://www.irishtimes.com/business/retail-and-services/menzies-buys-eason-s-newspaper-distribution-arm-for-3-6m-1.3101394?mode=sample&auth-failed=1&pw-origin=http%3A%2F%2Fwww.irishtimes.com%2Fbusiness%2Fretail-and-services%2Fmenzies-buys-eason-s-newspaper-distribution-arm-for-3-6m-1.3101394


  • #90
    IRE60
    Registered Users Posts: 1,880 ✭✭✭IRE60


    I suppose it right for Easons to concentrate on it's (now) core business. It was big business at one point, when the newstrade was big business for Easons, but possibly now it’s more of a hindrance.

    Menzies specialise in that sector and its probably a good move for both companies.


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  • #91
    JTMan
    Registered Users Posts: 5,535 ✭✭✭JTMan


    Very surprising that INM and Celtic Media have walked away from the proposed INM acquisition of Celtic Media. Anyone hazard a guess as to why?


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