The decline continues

IRE60 · 10-09-2019 9:19pm

That's a decent legal provision - wonder if there is something in the pipeline!

JT which lease is up?

JTMan · 11-09-2019 6:57am

The accounts do not say. It's obviously the Independent House sub lease or a legacy lease. Probably the former.

Staff levels are 48 (down from 50 and excludes freelancers), I guess they will stay put in Independent House.

IRE60 · 11-09-2019 8:26am

another one (mag)
https://www.theguardian.com/media/2019/sep/10/marie-claire-uk-cease-print-publication-after-31-years

JTMan · 12-09-2019 7:40pm

August 2019 ABC numbers for the UK here and UK in Ireland numbers here.

In the UK, the Daily Star and the People are in freefall ...

The biggest year-on-year decline was reported by the Daily Star Sunday at 19 per cent, followed by the Sunday People at 18 per cent.

JTMan · 14-09-2019 8:19am

Media Guardian on the struggle for survival in the magazine market.

Doblin · 15-09-2019 11:15pm

What will be the first Irish national newspaper to cease print ? My money is on the examiner

JTMan · 16-09-2019 5:43am

My bet would be the Irish Daily Star. The Irish Mirror and the Sunday Business Post are other strong possibilities.

Doblin · 16-09-2019 7:44am

Readership of the Sunday business post has gone down further since Enda O'Coineen bought it.

ElectronVolt · 16-09-2019 8:05am

I'd say the SBP has more chance of making a go of it as an online only publication due to the audience it tends to reach. The Examiner is a normal morning, daily paper with a significant traditional print market. It wouldn't be a great idea for them to go online only. I could see the Examiner and Irish Times ending up functionally much more merged though to ensure both papers survive.

I couldn't see the tabloids making a transition to online only. I would suspect you'd see some attempt to go online only if a UK parent does, but I would say it would also be the death of the publication of it did.

The interesting thing in Ireland has been the growth of The Journal as an online only publication that began its life online. It's also very much using the same model as the old print industry, Distilled Media also owning Daft, the largest property advertising site by a country my mile. It's exactly the same kind of financial model used by the Sunday papers decades ago.

JTMan · 29-09-2019 7:33am

Big changes coming at the SBP. It is going daily, going global and changing the name to the Business Post. Details in November. Article here.

Oh yeah, tough guy, so what are you planning to do with the Post? “Reinvent it in a dramatic way,” O’Coineen announced, promising more details in November. It will be a “digital big-data platform that just happens to have a successful newspaper on a Sunday”, he added — though the “Sunday” bit is going and it will become The Business Post, which will publish daily.

“We’re going to be the global business newspaper,” O’Coineen declared.

jmcc · 01-10-2019 3:39pm

JTMan wrote: »

Big changes coming at the SBP. It is going daily, going global and changing the name to the Business Post. Details in November. Article here.

The Currency seems to be making a play for the hardcore business reporting niche. It has some good journalists too. Not sure if they've got the pricing right though. They should have looked at getting their content on Amazon and some kind of per-article pricing structure. The monthly pricing is good if they are producing a lot of high quality content and it has the brand recognition for some of its journalists.

Regards...jmcc

Loafing Oaf · 01-10-2019 3:50pm

It will be a “digital big-data platform that just happens to have a successful newspaper on a Sunday”, he added — though the “Sunday” bit is going

And tbh the 'successful' bit never really applied in the first place...

“We’re going to be the global business newspaper,” O’Coineen declared.

Roll over Financial Times and tell the Wall Street Journal the news.:rolleyes:

IRE60 · 01-10-2019 4:02pm

if one of the best financial daily's can scrape circa 3,000 per day out of the Irish market then I think a daily BP will crash and burn (so long as he meant publishing as a physical product - its such a fluid expression in current parlance).

IRE60 · 01-10-2019 4:16pm

Loafing Oaf wrote: »

Roll over Financial Times and tell the Wall Street Journal the news.:rolleyes:

Yea, I'd say they are sh1tting themselves!

Seaman Duck · 02-10-2019 9:59pm

How are Irish magazines like Hot Press and The phoenix stil going ? I can't imagine they sell many copies nowadays

jmcc · 02-10-2019 10:29pm

“digital big-data platform that just happens to have a successful newspaper on a Sunday”,

Have I time travelled back to the DotCom bubble? What is this buzzword bingo?

Regards...jmcc

Dr_serious2 · 02-10-2019 10:46pm

Seaman Duck wrote: »

How are Irish magazines like Hot Press and The phoenix stil going ? I can't imagine they sell many copies nowadays

The Phoenix don't deserve to sell any copies after their disgraceful conduct in the wake of the Charlie Hebdo shootings. They refused to stand with a fellow satirical magazine, basically insinuating that the magazine asked for it by criticising radical Islam.

L1011 · 03-10-2019 8:59am

Seaman Duck wrote: »

How are Irish magazines like Hot Press and The phoenix stil going ? I can't imagine they sell many copies nowadays

Hot Press post out comps to everyone even vaguely connected to the music industry so have a very specialised advertising base. They also produce the Irish Rail onboard magazine reusing some old content which will help a bit

JTMan · 04-10-2019 4:09pm

Aldi stops selling newspapers and magazines in UK stores.

Guardian media columnist and former Daily Mirror editor Roy Greenslade said the company’s decision “appears to be yet another sign of the disruptive, nay destructive, nature of the digital revolution”.

“Once there were tablets of stone. Now we get our messages on tablets of plastic.”

Money journalist Simon Read said today it was “another blow for traditional print media”, while the Telegraph’s consumer champion Katie Morley described it as “bleak”.

Inevitable that supermarkets were eventually going to stop selling newspapers and magazines. They utilise space and demand is rapidly declining.

Loafing Oaf · 04-10-2019 4:13pm

JTMan wrote: »

demand is rapidly declining.

Particularly among the Aldi customer base, I'm guessing...

jmcc · 04-10-2019 4:45pm

Loafing Oaf wrote: »

Particularly among the Aldi customer base, I'm guessing...

Bit simpler than that. It may have more to do with shopping habits. People may not shop in Aldi each day so a number of those newspapers and magazines will not sell. Those publications that do not sell are wasting shelf space.

Regards...jmcc

Szero · 04-10-2019 5:21pm

A sign of things to come ... other convenience stores and supermarkets will follow suit and stop selling legacy print news.

Most stores have being gradually reducing space for print publications as sales decline.

L1011 · 04-10-2019 5:28pm

My local massive convenience store that would have had a very substantial range cut it down to a core of the main women's mags, RTE Guide, Hot Press, Phoenix and a few car mags as part of reclaiming space for a seating area for the deli. Margin to workload of returning unready copies is a major problem with bothering to stock niche titles apparently.

IRE60 · 04-10-2019 7:49pm

There is a lot of 'work' in papers with daily delivery, stock control, returns etc. It's labour intensive but, not a huge amount of space given over to them in either German retailer.
One aspect might be margin vs effort. There have been a few price increases in the papers in the UK but the publishers margins are not being maintained.
So maybe it's a bit if that. while it's a headline story the real question would be what the sales were through those outlets in the first place!

JTMan · 04-10-2019 8:15pm

Some further insight into the Aldi decision here.

Regarding cause ...

Stocking newspapers and magazines "simply wasn’t profitable for them". “Supermarkets expect each square foot of space to generate a set level of revenue. As overheads increase this level is getting higher and category managers at supermarkets are asking publishers to defend why the current space given to titles should continue.”

Regarding impact of the decision ...

In March, Siobhan Galvin, commercial director at magazine publisher Egmont claimed Aldi and Lidl’s combined market share accounted for 10% of the children’s magazine market in the UK.

Interesting fact ...

A source claimed to RN that Aldi was demanding £20,000 for listing a magazine title in its stores.

:eek:

Meanwhile, Kroger, the largest supermarket chain in the US, is removing some newspapers and magazines from stores too.

dulpit · 04-10-2019 11:47pm

Interesting. I was just in Portugal this week and noticed that apart from the odd magazine, the supermarkets didn't seem to sell newspapers at all...

doublej · 05-10-2019 12:51am

Not really a like for like comparison; the US chain have ceased the provision of FREE news and mags in their stores,and who could blame them, it’s unlikely they give away anything for free!

IRE60 · 05-10-2019 1:19pm

JTMan wrote: »

A source claimed to RN that Aldi was demanding £20,000 for listing a magazine title in its stores.

It's called 'hello money' in the trade!!!!!!

JTMan · 21-10-2019 8:18pm

Job cuts at INM in NI with apparently more to come. Amazed there are still newspaper photographers, in any number, in a job ...

a handful of staff photographers were made compulsorily redundant and sent on immediate gardening leave.

NIMAN · 21-10-2019 8:21pm

Inm going behind a pay wall?

Good luck to them.

The decline continues

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