End free news the Murdoch way
News International will close thelondonpaper in September, the Guardian and others reported today. It will end a phase of UK newspaper publishing that people have called the "free-sheet wars".
James Murdoch (CEO of News International Europe and Asia) talked about "streamlining operations" and "focusing on core titles" which some commentators have taken to mean it was losing too much money (£12.9m in the year to the end of June).
But the closure is part of a bigger shift in the news business. When it launched in 2006, thelondonpaper was one element of a complicated strategy to take on competitors: the Evening Standard and Metro. Both made money in a market which News International had no presence. Phase 1 of the strategy was successful: profits at Metro have slipped and ES has been sold.
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James Murdoch (CEO of News International Europe and Asia) talked about "streamlining operations" and "focusing on core titles" which some commentators have taken to mean it was losing too much money (£12.9m in the year to the end of June).
But the closure is part of a bigger shift in the news business. When it launched in 2006, thelondonpaper was one element of a complicated strategy to take on competitors: the Evening Standard and Metro. Both made money in a market which News International had no presence. Phase 1 of the strategy was successful: profits at Metro have slipped and ES has been sold.
Read more »
Labels: Journalism










