Daily Mail and Guardian digital 'minnows', says News UK chief

Mike Darcey says relying on online ads as main revenue stream is risky in market containing rivals such as Google and FacebookNews UK chief executive Mike Darcey has called the Guardian and Daily Mail digital "minnows" – despite the publishers' boasting a combined monthly online readership of almost 300 million – in the latest round of the debate about finding a sustainable model for professional journalism.Darcey, who also criticised his rivals last month in a speech defending News UK's strategic decision to back the digital paywall model, offered a back-handed compliment about the Guardian's "digital first" strategy.Darcey argued that the open digital strategy – coupled with cover price rises – will hasten the demise of print editions."Chasing online advertising revenue at scale requires a deep, free online proposition and this in turn undermines the incentive for people to pay for print editions," said Darcey, speaking at the Digital Media Strategies conference on Wednesday. "The Guardian web proposition is so good I wonder why anyone continues to buy the Guardian edition in print at all. They must be very wealthy people."He added that aiming to rely on online advertising as the primary revenue stream was a dangerous strategy, putting newspaper publishers in direct competition with global giants such as Google and Facebook."When print is switched off, all you have is online advertising [and] online ad prices are low and are falling," he said. "If this is your only... Continue reading at 'The Guardian'

[ The Guardian | 2014-03-05 00:00:00 UTC ]
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Daily Mail and Guardian digital 'minnows', says News UK chief

Mike Darcey says relying on online ads as main revenue stream is risky in market containing rivals such as Google and FacebookNews UK chief executive Mike Darcey has called the Guardian and Daily Mail digital "minnows" – despite the publishers' boasting a combined monthly online readership of... Continue reading at The Guardian

[ The Guardian | 2014-03-05 00:00:00 UTC ]
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Former News Corp and Daily Mail editor Luke McIlveen appointed executive editor of Nine newspapers

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[ The Guardian | 2024-01-22 04:15:05 UTC ]
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ABC accuses News Corp and Daily Mail of amplifying misogynist Twitter abuse of Lisa Millar

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Paul Dacre appointed editor-in-chief of Daily Mail parent company

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Mail raids Microsoft for chief to lead global digital expansion

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‘Print Still 90pc of Revenue’ Says Daily News Chief

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Guardian News & Media appoints David Pemsel as deputy chief executive

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Peter Gleeson leaves News Corp’s Courier-Mail and Sky News after multiple instances of plagiarism

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Is News Corp.'s 'The Daily' giving you more blues than news?

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Telegraph and Spectator takeover: News Corp and Mail owner consider bids

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Michael Clarke and Karl Stefanovic clash proves tabloid gold as Daily Mail chastises Nine and ABC | The Weekly Beast

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Ex-Lib Dem MP Simon Hughes makes phone-hacking claim against Daily Mail owner

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News Corp almost doubles its profits on back of digital advertising and subscribers

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