This post originally appeared on LinkedIn.
As you would all know by now, Pearson sold the FT Group yesterday to Nikkei for US$1.3b. The FT Group includes FT, some magazines such as Banker, Investor’s Chronicle, a 50% stake in Russian Biz Paper Vedomosti, an-EIU type co called Medley Global Advisors etc.
The valuation, at ~35X the adjusted operating income of $37m (on rev of $559m for 2014) is amongst …
In my previous blog post on freesheets, I had laid out the latest revenue and profit (loss) figures for UK newspapers. Readers who reviewed the same in detail may have noted that the Guardian was one of the loss-making papers (Revenue of £196m and losses of £31m for FY13). Now the Guardian is likely the 2nd most read newspaper worldwide (behind the Daily Mail), having recently overtaken the …
Sometime towards the latter half of 2012, the Metro, a free newspaper launched relatively recently in 1999, became the most profitable title in UK’s uber-competitive newspaper market. See table A below.
In absolute numbers Metro trails the Daily Mail and even The Telegraph, but in profitability it pips them. How is that for a free newspaper? One heavily reliant on short snippety lifestyle + entertainment stories, national + …
A recent update on the State of the Media website commenting on the Newspaper Industry’s performance in 2011, spoke about the disproportionate importance of the Sunday edition, and how it could lead Publishers into de-emphasizing the weekday edition.
Thank God it’s Sunday!
According to the State of the Media report, about 35-50% of newspaper advertising revenue now comes from the Sunday edition. If we add to it the Sunday edition’s …