Posts Tagged ‘Press Gazette’

Former KGB Spy Buys Independent for £1

Russian billionaire and former KGB spy Alexander Lebedev today bought the loss-making Independent and Independent on Sunday newspapers for a nominal £1.

Mr Lebedev bought the national titles from Irish company Independent News & Media (INM) for the same amount that he paid for The London Evening Standard last year.

His 29-year-old son, Evgeny, will become Chairman and sole owner of Independent Print Limited (IPL), making him the youngest national newspaper owner in 116 years.

The Lebedevs have vowed to “inject new energy and impetus” into the titles, launched in 1986 and 1990 respectively.

From a daily circulation high of 400,000 in the late 80s, sales of the Independent paper have dropped to less than 190,000 a day.

Read the full story in journalist bible Press Gazette.

Telegraph Dominates Press Awards with Expenses Expose

The Daily Telegraph mopped up most of the major awards at the 2010 British Press Awards last night - walking away with a clutch of trophies for best paper, journalist of the year, campaign of the year, scoop of the year, political journalist of the year and best special supplement.

The six coveted accolades were deservedly awarded for the paper’s expose on MPs’ expenses.

Judges praised the Telegraph’s series of revelations as “an incredible scoop, superbly executed” with “brilliant forensic teamwork.”

Accepting his award, Telegraph Editor-in-Chief Will Lewis, said: “If there was ever a story that proved that news still sells newspapers I suspect this was it.”

The British Press Awards, hailed as the Oscars of newspaper journalism, have for more than 30 years celebrated the best journalism from the national press.

Read the full results of who won what in Press Gazette.

Old Media Fight Back!

According to journalism gospel, Press Gazette, certain sections of the UK’s old media are fighting back, boasting booming circulation figures, despite widespread spiralling sales elsewhere in traditional media.

It’s tough times these days for old media, with advertising sales having fallen victim to the recession, combined with sagging circulations and the phenomenal growth of new media and social media.

However, it’s not all doom and gloom, especially in the consumer magazine market, with many top titles enjoying something of a renaissance.

Circulation figures for current affairs magazine The Week are up 9.8% to 169,690 for the 2nd half of 2009 compared to the same period in 2008; sales of women’s weekly The Lady which is celebrating its 125th birthday have grown by 9.3% to 28,782; satirical monthly The Oldie is enjoying a circulation increase of 14.6% to 35,965, and sales of celebrity weekly Star are up a jaw-dropping 83.4%, with a massive circulation of 492,067.

As with nearly all businesses that have survived the worst recession in living memory, the successful Editors cite their reasons for growth as innovation and uniqueness; delivering a quality product, and one that is value-for-money and relevant to their consumers and target audiences.

As a newspaper journalist by profession, PR Superstar Founder Jill Kent hopes this trend among the so-called old media may long continue!