Press Gazette


Press Gazette

Press Gazette, formerly known as "UK Press Gazette" (UKPG), is a British media trade magazine dedicated to journalism and the press. It has been running for 41 years, and currently has around 2,700 subscribers and a circulation of around 4,600, although it had enjoyed higher circulations earlier in its history. Published with the motto "For All Journalists", it contains news from the worlds of newspapers, magazines, TV and radio, dealing with launches, closures, moves, legislation and technological advances affecting journalists.

Commercially, it is funded by entry fees and commercial ventures to do with the British Press Awards, Magazine Journalism Awards, Magazine Design Awards, Regional Press Awards, Law for Journalists Conference and Student Journalism Awards, as well as subscriptions and the sale of single copies from newsagents, and by publication of recruitment and classified advertising, as well as occasional display advertising.

History

Press Gazette was launched in November 1965 by Colin Valdar, his wife Jill, and his brother Stewart. Upon the Valdars' retirement in 1983, the magazine was sold to Timothy Benn, who sold it on, in 1990, to the Canadian publishing company Maclean Hunter.

In 1994, the magazine was sold again, this time to EMAP. Three years later, the magazine along with "MediaWeek" and 12 other titles, was sold again, to Quantum Business Media for £14.1 million. [http://blogs.guardian.co.uk/greenslade/2006/11/uk_press_gazette_19652006.html]

High-profile owners and closure

Rupert Murdoch's son-in-law Matthew Freud became the new owner of "Press Gazette" in May 2005, teaming up with former Mirror editor Piers Morgan to raise around £600,000 to buy the title. The purchase was part of the break-up of Quantum Business Media by its owners, the venture-capital group ABN Amro Capital.

On 19 October 2006, Freud announced that the magazine was for sale, citing as a reason indifference in the newspaper industry to the British Press Awards.

The company owned by Freud and Morgan, Press Gazette Limited, subsequently entered administrative receivership.

Initially, the receivers were unable to find another buyer for the magazine, and on 24 November the following statement was posted on the "Press Gazette" website: "Press Gazette's editorial team would like to thank all of its readers over the past 41 years, and all of those who have given us support in the recent difficult weeks. The magazine's staff was informed tonight by managing director Simon Read that they were being made redundant with immediate effect."

Acquisition and relaunch

After the publication missed one issue, Wilmington Group plc (lse|WIL) announced on 5 December 2006 that it had acquired the title. Wilmington Media editorial director Tony Loynes, a former Press Gazette editor, led the take-over.He named news editor Dominic Ponsford as editor and the magazine moved from Fleet Street to Wilmington Media's Old Street headquarters. [http://www.pressgazette.co.uk/story.asp?sectioncode=1&storycode=36406]

Both the magazine and its website PressGazette.co.uk underwent a redesign in May 2007, including a new masthead and body font.

A further relaunch in August 2008 will see the magazine switch from weekly to monthly publishing. [http://www.brandrepublic.com/News/837281/Press-Gazette-abandon-weekly-edition/]

External links

* [http://www.pressgazette.co.uk Press Gazette website]
* [http://www.pressgazette.co.uk/bpa The British Press Awards website]
* [http://media.guardian.co.uk/city/story/0,,1369341,00.html Press Gazette publisher looks for buyers] The Guardian, 9 December 2004
* [http://www.guardian.co.uk/uk_news/story/0,,1494334,00.html Piers Morgan turns proprietor with purchase of Press Gazette] The Guardian, 28 May 2005
* [http://business.guardian.co.uk/story/0,,1503387,00.html And the Press Gazette title goes to ... Piers Morgan] The Guardian, 10 June 2005
* [http://www.brandrepublic.com/bulletins/media/article/528942/press-gazette-honours-journalists-hall-fame-exhibition/ Press Gazette honours journalists with Hall of Fame exhibition] Brand Republic, 22 November 2005
* [http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/01/24/ccslade24.xml&menuId=242&sSheet=/money/2006/01/24/ixcoms.html Big titles boycott 'Morgan's organ' press awards] The Telegraph, 24 January 2006
* [http://media.guardian.co.uk/marketingandpr/story/0,,1722953,00.html Single sponsor for Press Awards] The Guardian, 3 March 2006
* [http://www.exacteditions.com/exact/magazine/325/338 Digital Edition of Press Gazette]
* [http://blogs.guardian.co.uk/greenslade/2006/11/uk_press_gazette_19652006.html Roy Greenslade, Press Gazette 1965-2006]


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