Daily Express owner Northern & Shell is in discussions with rival newspaper group Trinity Mirror about the potential sale of a minority stake in its newspapers and a deal to share back-office operations.
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
DMGT has little in common with supposed peers Johnston Press and Trinity Mirror. A forward earnings ratio of 14.2 times suggests the future is rosy. The market predicts deep trouble ahead for the other two, with ratings of 0.7 and 2.2 times, according to S&P Global. If DMGT were shorn of its legacy media interests, it would be rated more like Relx at 18.7 times
The crucial question no one, including Jeff Jarvis, can answer: how will we fund journalists in a world dominated by Google and Facebook?
The latest blog from Flashes &Flames is about Hearst and also reviews the histories of DMGT, Cox and Schibsted
We should not be side-tracked by the one-dimensional debate about whether newspapers will survive or not
The New York Times is seeing continued growth in subscription revenue thanks to its paywall, but at the same time its advertising revenue is still falling, both in print and online
