The New European is looking to bolster its editorial output, as yesterday they announced that Matthew d’Ancona would be joining the paper as editor-at-large, alongside Alastair Campbell. Bad Al’s puff pieces on Championship football club Burnley, renowned for their ‘Brexit ball‘ image, clearly aren’t cutting it with the New European readership – as d’Ancona will provide a new weekly column and podcast output. All this change seems to be too much for employees to keep up with, neither of the New European staff Guido spoke to were any the wiser on d’Ancona’s appointment. He starts next week.
The new editor-at-large will have quite the challenge on his hands boosting revenue. As of the last set of financial statements, their profit and loss account registered net negative outflows of £617,452 – that amounts to over £50,000 per month. Word has it that the financial situation has not improved this year. During their previous investment drive they promised to become profitable, as Guido predicted the New European continues to be a loss-making publication, alongside all the other soft-left vanity publications; Prospect, Tortoise, Byline Times and New Statesman. Guido has noticed the weekly paper is being distributed free of charge in office lobbies – literally giving it away – the paper is so desperate for revenue they’ve taken to flogging merchandise…
The Mirror’s Political Editor job is a much-prized title for any high-flying, ambitious and – most importantly – pro-Labour political hacks. Now Pippa’s moved aside in favour of The Guardian – a paper in need of a regular SW1 scoop-getter – Guido’s turned his attention to who might be next in line for the star prize. Runners and riders currently within the Mirror family are highlighted in red…
This month The Mirror condemned the government’s 1% pay rise for nurses, saying it is a “scandal” and a “kick in the teeth“. Imagine Guido’s shock, therefore, when Mirror employees were told yesterday afternoon they’ll be receiving a pay rise of… 1%.
“This year all eligible colleagues will receive a 1% pay increase from April and this will form part of a wider package of benefits. As highlighted at the start of the year, staff who would have had their increase in January will not lose out (you will receive 15/12ths of the award which equates to 1.25% between April 2021 and 2022).”
The group editor-in-chief cited “this extremely difficult and challenging 12 months” in his announcement. Do as the Mirror says, not as they do…
Guido picked up a copy of this month’s painfully woke GQ, which has just hit the news stands. In it the Daily Mail’s editor, Geordie Grieg, has granted only the second interview of his editorship. The first interview with the FT resulted in a complete car crash after he dissed the great Paul Dacre to such a degree that Dacre wrote to the FT to deliver a monumental slap down to his successor. His second interview is timed to coincide with the Daily Mail finally surpassing The Sun in daily sales. Or as the hagiographic Matt Kelly puts it:
“… now the Mail has in all actualité, attained the one great prize to elude even Dacre, you’d have to have a heart of pure weapons-grade vitriol to begrudge Grieg and his team their moment in the sun, as they passed The Sun to become the bestselling newspaper in the country.”
This interview was done in June, before the newspaper industry forced ABC to cease publishing sales figures that have dramatically plummeted during the pandemic. Guido however has managed to prise open the undisclosed ABC circulation figures and can reveal that The Sun in July returned to being the tabloid primus inter pares. Geordie’s day in the sun was short and the interview’s whole premise was overtaken in July by cold hard print sales figures…The latest figures (not published) by the Audit Bureau of Circulation show that in July The Sun outsold the Daily Mail by 1,030,000 to 999,000 – both titles down double digit percentages from pre-pandemic. Geordie doesn’t have much luck with his annual interviews…
The Daily Star has seen the biggest post-lockdown readership recovery of any national newspaper, according to new figures from ABC. A boost of 5% on last month…
No other paid-for national newspaper grew its circulation by more than 3% in June, meaning the dead tree press’ recovery as a whole has slowed month-on-month compared to May. Yesterday’s front page was just another of the Star’s recent stellar front page politics coverage…
Keep it up lads…
The Guardian has this morning announced plans to cut 180 jobs in the wake of the Coronavirus pandemic. In contrast to publications such as The Spectator, Telegraph, and Guido – all of whom either did not take Government handouts or paid them back – the paper is set to axe 70 staff from editorial and 110 from advertising, Guardian Jobs, marketing roles, and Guardian Live events. No news yet on names…