House of Lords passes Digital Economy Bill, petitions and protest planned
According to the BBC, the UK House of Lords has passed the Digital Economy Bill . It is now expected to be rushed through the commons before the election. The fiercely debated Bill has come up against resistance from leading internet companies like Facebook and Google as well as industry organisations like the British Association of [...]
Publicis revenue falls short in 2009
French Advertising Group Publicis Groupe has released its full 2009 results and the reports are mixed. Organic growth for the company was -6.5% but in a sign of a changing environment, digital services were up 7.1%. They now account for 22.4% of total revenue. The Group also pointed out that the fourth quarter saw an improvement and [...]
Magazines still in decline and no bailout in sight
Magazine sales have been on a worsening decline from 2008 to 2009 with periods of decline in the double digits. The problems for magazines are not over and the business-model is still being challenged but now the decline in sales is slowing. Newsstand declines had been getting worse — progressing from a 6.3% slide in [...]
AOL preparing for turnaround, Sony laying off people
AOL is completing layoffs that will reduce its workforce to 2/3 of the original size. In doing so AOL says i’ts preparing itself for a transformation to a different type of company. “The company is eying both an expansion and a new home in Silicon Valley, in hopes of tapping the area for expertise and inspiration. [...]
Where are advertising markets going in 2010?
After a tough year for advertising, 2010 may be an improvement if some of the first research coming out is anything to go by. A Barclays analyst points to a possible improvement as a result of increased marketing spending. U.S. advertising sales may increase 3.5 percent this year as companies boost their national marketing spending, according [...]
Death march for older mediums says Eisner
Michael Eisner, the ex-CEO of the Disney company is not overly optimistic about the future of ‘old’ media: “I don’t totally know where this is going, but I know that it is a business,” Eisner said, while talking about how and when professionally produced original web content will take off. “It can’t not happen.” He [...]
Breaking: Eyedea Group in bankruptcy protection
French newspaper Le monde is reporting that Eyedea Group (owner of the Gamma and Rapho archives) is suspending all payments as it files for chapter11 style bankruptcy protection. Its subsidiary Eyedea presse had allready filed for protection on the 30th of July last year. Photographers had been urged to claim their outstanding fees last year. So far the [...]
Oeil Public closed yesterday
Paris based photo agency Oeil Public closed its doors today after announcing going out of business in December last year. It had to make several members of staff redundant before the decision was made at the end of last year. On the 22nd of January it posted the following message on its website: Dear friends, Oeil Public photographers [...]
Watch out if you’re depending on revenue from print media
If you generate a significant portion of licensing revenue from printed media. After the large number of closures and redundancies in 2009 the challenges for ‘traditional’ media don’t appear to be anywhere near resolved in 2010. Here are a few headlines from last week: Time Out owner Tony Elliott must inject at least £3 million [...]
1.200 people to be made redundant at AOL
More bad news for the media industry in 2010 as struggling AOL will make another 1,200 workers redundant. The redundancies follow efforts to get staff to volunteer ut not enough people came forward. AOL spokeswoman Tricia Primrose said Monday that only 1,100 had volunteered to leave. That means AOL would need to shed up to [...]
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