Something’s got to give – Johnston Press

A Lehman brother’s note on Johnston Press finds its way to my inbox following their (ie JP’s)  rather scary results announcement yesterday.
Tucked away in the numbers is precisely the sort of financial recalibration that I’ve been talking about recently that happens with companies facing genuine disruption.

The column on the left is 2006, and on the [...]

The outsider solution: chuck away your business..wrong, wrong, wrong

Now, normally I quite like Steve Rubel, but his recent lecture to the newspaper industry is way way off the mark. Under the head: how to turn problems into profits, he says that putting up cover prices to meet higher distribution costs is a flawed strategy, and continues:
What they should be doing instead is using [...]

NYT: Margins, dividends, top-line growth – something’s got to give

They call it ’structural change’ because it is exactly that – structural..and the hard edge of that comes in the financial numbers. Quite simply, the company that comes out at the end, doesn’t have the same financial constitution as the one that went into the beginning.
Something has to give – be that margins, top-line growth, [...]

Latest Archant results – digital revenues teeny but up 63%

Latest figures from the UK regional press group demonstrate how hard it is for digital success to make a dent in a traditional business.
So for the full year 2007 revenue was £193m up 1.4% (not a bad performance in the current market). Digital revenue for the year – £2.1m up 91.1% or around 1.1% of [...]