IBC365

14 March 2018 - 12:54pm -- Olga De Giovanni

Claire Enders was quoted in an article on the UK’s leading commercial broadcasters, ITV, Channel 4 and Sky, who have joined forces to champion TV advertising in the face of online threat. They had come together to mark the fact that ITV, Sky and Channel 4 had united to hold the Big TV Festival to celebrate the virtues of television as a medium and introduce those virtues to young digital natives in the advertising and marketing industries. According to Claire, the new wave of competition has unleashed 10 billion dollars a year of UK relevant content into the market. She said “we have never seen such an onslaught before”.

the Guardian

14 March 2018 - 12:53pm -- Olga De Giovanni

Douglas McCabe was quoted in an article on NME, who published its final print edition on 9th of March. As a paid-for title, NME had spent years battling declining sales, with ABC figures from the second half of 2014 showing an average weekly circulation of around 14,000. So in September 2015, publishing company Time Inc revamped NME as a free magazine, bringing circulation up to a reported 300,000 copies per week. However, the disappearance of NME speaks to the complexity of the free publishing model – trickier than just ripping off the price tag – and forging a new identity from a brand steeped in six decades of music history. Douglas agrees that free isn’t a means to an end, particularly when translating a niche product for the mass market. He said “In the end, its very soul seemed to have been lost somewhere. Think about how Stylist has become the kind of magazine that people take home. You flick through NME for 10 minutes on the tube, which isn’t a deep enough relationship to really work”.

BBC News

14 March 2018 - 10:39am -- Olga De Giovanni

Joseph Evans was quoted in an article on Apple who is buying Texture, the magazine app subscription service, for an undisclosed amount. Texture offers US-based users unlimited access to more than 200 titles for a monthly fee of $9.99 (£7.19). It is currently owned by Next Issue Media, which is backed by magazine publishers Conde Nast, Hearst, Meredith, News Corp, Rogers Communications, and Time Inc. Joseph said "A lot of this is talking the talk. If they really wanted to help journalists, they could give publishers a waiver on the 30% tax Apple takes from App Store revenue. That wouldn't cost Apple anything, and it would be a big help to publishers. But instead they do these user-facing things". He acknowledged, however, that Apple's involvement could boost interest in the eight-year-old service, which in turn would help publishers earn more money.

BBCW considers the rest of UKTV

A change of control clause triggered by Discovery’s takeover of Scripps will grant BBC Worldwide the option to acquire the 50% of UKTV that it does not already own

With a possible price in the vicinity of the £339 million paid by Scripps in 2011 it is by no means certain the BBCW could proceed alone—so a new, minority partner may well be necessary

the Times

6 March 2018 - 5:25pm -- Olga De Giovanni

Douglas McCabe was quoted in an article on Trinity Mirror, which plans to change its name to Reach after its acquisition of the Express and Star newspapers, also revealed that Simon Fox, its chief executive, received a 19 per cent increase in his total remuneration package last year to £893,000. This was despite a 19 per cent drop in the company’s share price in the past 12 months. Like many print media companies, Trinity Mirror is struggling to find a workable business model at a time when print circulation is declining and advertising revenues are gravitating online. However, Mr Fox said that the company had delivered structural cost savings of £20 million in the year, £5 million ahead of the initial £15 million target set for the year. For 2018, it has targeted a further £15 million. Douglas said that the company’s profits had been resilient. He said “Consolidation is the best game in town in these circumstances. With revenue going to Google and Facebook, the greater scale you can bring to the marketplace, the better”, adding that Mr Fox had “a great track of pushing savings through”.

Financial Times

5 March 2018 - 10:44am -- Olga De Giovanni

Claire Enders was quoted in an article on Sky, the group founded by Rupert Murdoch, that is now at the centre of a flurry of deals by companies trying to keep up with Netflix and Amazon. Sky has grown from a risky bet that nearly went bust in its first year of operation into a pan-European media powerhouse at the centre of a bidding war and of an industry facing an identity crisis. Claire said “Sky is an extraordinary success story”, pointing to its record of increasing revenue at 5 per cent a quarter. She added that the company has withstood competitors: the likes of ITV Digital, BT and, more recently, Netflix have all threatened to damage Sky, but have not yet dented its growth. She said “in the years since Netflix launched its streaming in 2012 Sky’s record in terms of revenue growth is unbroken”.

Digiday

2 March 2018 - 10:54am -- Olga De Giovanni

Douglas McCabe was quoted in an article on the New Statesman, which is putting up a metered paywall. Later this month, readers will be required to register with an email address after hitting a limit of three articles a week. After five articles a week, they’ll be asked to subscribe for an annual fee of £144. Douglas said that although this will be the first step of the New Statesman’s subscriptions journey, it’s worth noting larger titles like the Financial Times are continuously tinkering with how to convert audiences to subscribers, “the focus has to be on the relationship between the editorial strategy and the membership strategy” he said. “It’s not a single switch; it’s a funnel with many switches”. A metered model allows the publisher to have the reach to convert audiences without giving away too much of its content. Audiences can be fully immersed and build habits through free-trial models. Douglas said “with metered models, you’re building a perverse emotional, attitudinal relationship with a potential member where they might not read one article in case there’s something more interesting another day. It builds friction at the heart of the system”.

BBC News

1 March 2018 - 3:48pm -- Olga De Giovanni

Tom Harrington was quoted in an article on Sky which will allow viewers to watch Netflix shows on its Sky Q platform, later this year, in an attempt to tackle the threat posed by the popular streaming service. Customers will pay for Netflix as part of their Sky bill, although prices have not yet been announced. Sky said the move would make the entertainment experience "easier and simpler" for customers. While pay-TV rival Virgin Media has offered Netflix to its customers for some time, Sky has regarded it as an "existential threat to its service", said Tom. He added "It has inconvenienced its subscribers, who are more likely to have Netflix than those without pay-TV, because it has believed that its content was strong and exclusive enough to justify operating a walled garden. It seems as if that confidence has subsided and bringing a competitor on board - one that could potentially satisfy Sky's subscribers for a much lower price - is a risky move that cannot now be backed away from, but at least is a sure source of shared revenues".

Bloomberg

1 March 2018 - 11:22am -- Olga De Giovanni

Claire Enders was quoted in an article on the bidding war for Sky. Comcast’s interest this week puts Sky at the center of a global race for scale among media giants, with Comcast and Disney CEOs both calling the pay-TV company a “jewel,” and sets up a potential bidding war. On Tuesday morning just before the daily flurry of U.K. stock-market statements, Martin Gilbert, the co-CEO of fund manager Standard Life Aberdeen Plc and a consummate dealmaker, finds himself in the unlikely situation of being the broker for Sky shareholders with two billionaire media families. Moreover, at Sky, a case has been steadily building for Gilbert and the other independent directors to push Fox for a better offer, even before Comcast got involved. Premier League soccer viewing has rebounded this season and Sky came out a big winner in the league’s auction earlier in February for three more years of broadcast rights, paying less per game. The auction result added 5 billion pounds to Sky’s valuation, according to an estimate from Claire.

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