“Embattled newspaper publisher Independent News & Media (IN&M) this afternoon confirmed that it was close to unveiling a financial rescue that would allow the owner of The Independent to pay off an overdue €200 milion bond,” reports TimesOnline. Full post at this link…
The WAN president and COO of Independent News and Media crunches the numbers of internet advertising while talking about how a fragmented mix of media may be the key to capturing the necessary market for newspapers prosper.
Global online advertising market worth 21 billion (pounds or dollars?) he says. 65 per cent in the hands of three companies, all the rest are scrabbling over a much smaller (admittedly) growing online share.
Full Extract:
[audio:http://www.journalism.co.uk/sounds/internetads.mp3]Gavin O’Reilly, chief operating officer of Independent News and Media and president of WAN, launched a stinging attack on senior media commentators in the UK while speaking at the Society of Editors meeting in Manchester.
Listen here to some of his concerns and other points of his speech:
Failings of media commentators: too much rhetoric, overly simplistic digital vs print approach…
[audio:http://www.journalism.co.uk/sounds/oreillyone.mp3]Failures of US print papers, threat of reader apathy biggest threat not internet, real reasons for state of UK market – freesheets and enticements, search engines and ACAP…
[audio:http://www.journalism.co.uk/sounds/oreillytwo.mp3]