Newspapers Have Made This Bed — Shouldn’t They Sleep In It?

In the decade running up to 2015 the UK’s local and national newspapers (excluding the Financial Times) saw revenue roughly halve to just over five billion pounds. There you have it. Newspapers are making half the money they used, and the only area in which revenues are significantly growing is digital — and there are a whole heap of issues for them there

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UBM acquires Allworld Exhibitions

Press Release: UBM plc (“UBM”, or the “Company”) announces today that it has agreed to acquire Allworld Exhibitions (“Allworld”, or the “Business”) for a cash consideration which values the Business at US$485 million on a debt and cash free basis

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Raconteur magazine closes nine months after launch due to ‘lack of advertising revenue’

Raconteur, the free current affairs magazine, is closing nine months after launching due to a lack of advertising revenue. The last issue of the quarterly magazine, published by content agency Raconteur Media, will come out on Friday. Press Gazette was told that the magazine’s editor, Peter Guest, has been suspended after emailing staff about the closure.

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Easyfairs acquires Pentawards

Press Release: Easyfairs today announces its acquisition of Pentawards, the most prestigious worldwide competition exclusively dedicated to packaging design in all its forms. Created in January 2007, Pentawards’ primary mission is to increase awareness of packaging design and those who create it. Its 55 categories are open to all those across the globe who are associated with the creation or marketing of packaging, and are judged by an international jury consisting of 12 highly reputed designers and packaging design directors from major companies

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Brexit Will Weaken UK Ad Spend, Zenith Says

Brexit will further weaken a slowdown in UK adspend in the coming years, Zenith has forecasted, with advertising growth set to halve to 5% this year. The Publicis Groupe media agency’s Advertising Expenditure Forecasts says UK adspend will be down on 2015’s 9.2%. Last year Zenith had predicted UK growth of 9.7%.

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Liberty tunes out of ITV takeover bid

The chief executive of Virgin Media has rejected speculation that its parent company, the pan-European cable empire Liberty Global, could seize on weakness in ITV’s share price to mount a takeover bid for Britain’s biggest commercial broadcaster.

Tom Mockridge told the Sunday Telegraph that Liberty had “enough to do as it is” without wading further into programming. Liberty owns 9.9pc of ITV and has bought the equivalent commercial broadcaster in Ireland, fuelling speculation that it is lining up an approach for ITV.

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Tarsus acquires majority stake in Connect Meetings in the US

Press Release: Tarsus Group plc (“Tarsus” or the “Group”), the international business-to-business media group, announces that it has conditionally agreed to acquire 80.1 per cent of Connect Meetings, LLC (trading as “Connect”) for a cash consideration of up to approximately $57.0 million (the “Acquisition”), payable by way of initial consideration of approximately $44.0 million plus up to $1.0 million for working capital and up to $12.0 million payable over the next two years subject to certain conditions

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