Trinity Mirror saw its share price fall by as much as 29% following the reaction to its warning of profits down by 10%. The profit warning preceds the interim results due on 31st July 2008.
Sly Bailey, the chief executive of Trinity Mirror, said: “We can’t defy the gravity of the advertising market, or the economy. All we can do is understand and react to what is going on, building our digital business and managing our cost base.” (Times 30.06.2008)
In 2005, the share price was over 800, it stands on 30th June at 110. Share price (Yahoo) (long term)
Advertisement revenues in Trinity Mirror’s regional papers for houses, cars and jobs have fallen particularly sharply, as the economy has slowed and the housing market tumbled. Revenue from property ads fell 17.1 per cent in the half-year, while motor ads were down 17.5 per cent and recruitment fell 8.4 per cent. (FT Maggie Urry, 30.06.2008)
Trinity Mirror trading update in full.
The Newspaper Society (UK organisation that promotes the regional press) has launched Local Matters, a website that allows potential advertisers to tailor their campaigns with greater insight into the readers of the regional press. The online media planning tool was developed from research into how individuals engage with their local community, conducted by Millward Brown. The research continues the “Life is local” theme introduced several years ago by the Newspaper Society, highlighting the unique character of each community across the UK regions.
We have put together case studies to highlight some of the insights we gained through the project and to show just how differently people think, feel and behave in different parts of Britain. In addition to the learnings from the research, these case studies also include insights from people working in the local media in each of the 12 regions.
Jeff Taylor, founder of jobs site Monster.com is launching Tributes.com for paid death notices.
Interview with Portfolio here
The Times has launched its online archive of articles ranging from 1785 to 1985. Every issue of the Times has been scanned and is fully searchable and can be printed or emailed. The service is in a trial free period.
A characteristically aggressive opinion from Steve Ballmer, CEO of Microsoft when interviewed by the Washington Post:
Here are the premises I have. Number one, there will be no media consumption left in 10 years that is not delivered over an IP network. There will be no newspapers, no magazines that are delivered in paper form. Everything gets delivered in an electronic form.
Interview and video at the Washington Post
The UK tops the list of wealthy nations who work excessive hours, according to the International Labour Organisation.
Does this imply that they are over-taxed or have a dismal home life thanks to a dysfunctional society or have wonderful jobs at amazing companies? Discuss.
Link: BBC coverage.
A survey by MORI, commissioned by the Press Complaints Council (PCC) in the United Kingdom, highlights both the pervasive impact of social networking sites amongst younger web users and their concerns over the nature and detail of personal information available on these sites. Particular concern is the trend for “digital doorstepping” by the press to discover background to individuals by visiting their online profiles. The PCC believes a set of guidelines is required.
The survey found:
42% of web users aged 16-24 know someone who has been embarrassed by information uploaded on to the internet without their consent. And 78% of the entire adult online population would change information they publish about themselves online if they thought the material would later be reproduced in the mainstream media.
The MORI survey details: 1000 UK web users aged 16-64 were interviewed by Ipsos MORI between 14 and 18 March 2008. Participants were recruited via an online panel and the sample is representative of the UK online population. Click here for details of the research.