Newspapers Roundup: New Cardiff Freesheet; Indian Publisher Profits; Strike Called Off


Cardiff freesheet: Trinity Mirror’s Media Wales division is axing its free, weekly Cardiff Post and launching a new free, weekly title Echo Extra, with a 52,000 distribution next month. Newspaper Society data shows the old Post distributed more than 68,000 copies a week, so its a shrinkage of sorts. The idea is for the new paper to be more closely identified with Trinity’s flagship South Wales Echo. From HTFP.

Strike averted: The National Union of Journalists is claiming a victory after Trinity Mirror (LSE: TNI) went back on plans for a number of compulsory redundancies on its weekly Midlands titles, meaning the union is calling off 24-hour strike action scheduled for Thursday. There’s no reversal of plans to axe more than 100 jobs and close 12 titles, but the redundancies will be voluntary, the NUJ claims.

Jagran Prakashan: In emerging markets, the growth keeps on coming: India’s leading newspaper publisher Jagran Prashakan – in which Independent News & Media has a recently reduced 13.5 percent stake – has posted net Q209 profits of £6.3 million, a 56 percent growth on Q1 and its highest ever profit. Revenue was up 12.3 percent at £30.1 million while revenue from advertising alone reached £20.8 million. British papers can only look on in wistful disbelief. Wasn’t INM supposed to getting rid on unprofitable stakes and investments? Release. Much more on the Jagran results over at our sister site

Comments are closed.