Another email from our person on the inside regarding the sweetness and light that currently surrounds ‘our’ industry body…
“The announcement of the impending departure of Chief Operating Officer Sarah Tunstall after barely 15 months in the job gives us another glimpse into the increasingly surreal world of the PPA. Not that Ms Tunstall’s departure was unexpected, given her role as wing-man to former PPA Top Gun Jonathan Shephard. (He, you will recall, was shot down in flames last month following 18 months of re-structuring PPA in the image of his former domicile, The Independent Schools Council.) Even the wily Tunstall would (more…)
The departure of Centaur’s chairman and the company’s rejection of a bid from Critical Information Group may well be entirely unrelated, but it’s clear that the company probably won’t see out much of 2010 with its current ownership arrangements.
CIG apparently describes itself as “a company formed to acquire and consolidate media companies and businesses”.
I wonder how many more jobs will be ‘consolidated’ out of Centaur if and when CIG move in?
A lovely email from the fragrant Eric Verdon-Roe arrives in Private Frazer’s inbox:
Dear PPA member,
I am contacting you today in order that you are aware of a news story published in the print version of this week’s issue of Media Week, which stated that certain PPA members were to “sever ties” with the organisation. The story relates to ongoing negotiations PPA is conducting with APA and AOP.
The publication has since acknowledged that the story in print is incorrect [...] Subsequent liaison … resulted in an amended version of the story being published online (http://www.mediaweek.co.uk/news/945573/AOP-loosen-ties-PPA/)…
Talks are progressing with both APA and AOP but the situation is not yet fully resolved. We will provide a full briefing at the earliest possible opportunity.
It seems a little over the top to feel you have email the entire PPA database to deny a story in a magazine that few of us bother to read, so let’s see what comes out in the next couple of weeks. Even with the PPA sanctioned amendments to the Media Week article it seems quite clear that AOP is seeking to distance itself from its host. (“The two bodies are negotiating over plans for the AOP to have control over its own finances and corporate governance.”)
Given the PPA’s troubles, is this the AOP making sure it won’t get dragged down with the ink on paper guys?
More than a quarter of people have cut back spending on magazines and newspapers in the economic downturn in favour of free online content, a study shows today.
But as more news outlets consider charging for their internet offering, the report shows there is little appetite for subscription services in the immediate future.
From The Independent – who could do with a few quid from somewhere, anywhere, themselves.
Down, down, deeper and down for consumer publishers in the US according to the Publishers Information Bureau (courtesy of Folio:)
During the third quarter 2009, [advertising] pages fell 26.6% compared to the same period last year. Estimated ad revenues for the third quarter closed at $4.53 billion, down 18.6%.
That 18.6% equates to $1 billion by the way. So that’s a billion down compared to the third quarter last year, which weren’t no bed of flowering heather to begin with.
According to the FT Reed Elsevier has sold another division of Reed Business Information.
My old mate Crispin Davis’s stated aim at the start of last year’s wonderful divestment pantomime was to find a buyer for the whole shebang; his successor seems to be in the process of getting rid of small pieces at a time in the hope that no one outside of Quadrant House will notice.
Sky Kids, the freebie distributed with Sky Magazine, has had its plug pulled.