Tuesday, October 23, 2012

Mirror Shares Crash Over Piers Hacking Claims

Trinity Mirror’s share price has crashed 12.5% this morning. It closed at 72p yesterday, opening at 65p when it was revealed overnight that the Mirror‘s publishers faced legal action over phone-hacking allegations, dropping again to 62p as the morning went on. £18 million was wiped from the value of the company. And there is more to come…

UPDATE: Trinity Mirror has a market capitalisation of £163 million, the group already has a pension fund deficit estimated to be £159.5 million, almost equal to the struggling media firm’s market capitalisation. Given News International has paid out some £200 million in hacking legal costs already the actual solvency of the firm could be in danger if claims mount up. Murdoch could afford to take the hit, Morgan’s old mates can’t…

Wednesday, September 12, 2012

Survey Says Sun the Least Trusted Tabloid

On a day like today it seems relevant to reflect on the public’s general distrust of tabloids. A Populus poll commissioned by lobbyists Open Road and released today has found that the public distrusts the Sun more than any other tabloid. 59% of the public distrust the Sun either “somewhat” or “completely”. The findings don’t make happy reading for the other redtops either, with 43% distrusting the Mirror, 39% the Mail and 32% the Express. Guido is happy to accept that this blog was categorised alongside the other tabloids and report that we are, err, less distrusted than all our tabloid rivals. We’re feeling pretty superior…

Open Road’s client News Corp will no doubt be pleased with their lobbying firm choosing today to further blacken the name of their biggest selling newspaper. Doh!

Friday, August 24, 2012

Mirror‘s Prince Harry Hypocrisy

The Mirror have issued a high-minded statement explaining why they nobly decided against publishing the naked Prince Harry pics:

“The Daily Mirror took the decision not to publish the pictures of Prince Harry because we would be in clear breach of the Press Complaints Commission’s Editors’ Code of Practice, regarding intrusion of privacy, which we signed up to and we stand by that decision.”

Nothing to do with them losing the bidding war for the photos to the Sun then…

Sunday, August 5, 2012

Olympic Golds Nix Mirror Man’s Jinx Meme

One man who clearly has mixed feelings about the Olympic gold haul yesterday is the Daily Mirror’s diminutive deputy political editor James Lyons:

He had been enjoying blaming sporting setbacks on an alleged “Curse of Cameron”, a meme which has an uncanny resemblance to the sporting Jinx of Jonah Brown popularised on these pages in the dark days of the accursed one-eyed son of the manse’s regime.

Mehdi Hasan took a break from cheering on the Iranian Olympic squad to join in:

Then Chris Hoy won the first gold with Cameron in the audience and the supposed curse was lifted. When congratulating British Gold medallists on Twitter Dave began casually mentioning being there in his tweets:

His presence in the winning of three golds nixing the jinx meme once and for all. As bad as things are for Cameron politically, he is no Jonah Brown…

Thursday, August 2, 2012

Mirror Slump Eases As Sly Slinks Off

Sly Bailey might have only been shown the door by Trinity Mirror two weeks ago but there is already reason to celebrate as the newspaper group reported a rise in profits this morning. The Mirror‘s parent company made a pre-tax profit of £35 million in the last six months, up 21% year-on-year. The improvement has been attributed to a wave of cost-cutting measures implemented by Trinity Mirror bosses over the last few months.

No longer having to pay Sly’s huge pay packet might also have something to do with it…

Wednesday, July 11, 2012

Mirror Man Nicked

Two more hacks have been nicked this morning as part of the police investigation into press corruption, with one of them named as the Mirror‘s crime reporter Justin Penrose:

That’s the same Justin Penrose who told Leveson in January: “The main ethical issue is that we never pay police officers for stories“. He was on oath…

Things are also starting to look pretty awkward for former Mirror editor Richard Wallace after he admitted to Brian last year:

To the best of my knowledge I have never made, authorised or been privy to any payments to members of the police. However, on occasion we have paid public sector employees (connected with the health and prison services) for information about prisoners or prison conditions.

Guido wonders who will be next to hear the doorbell ring at five in the morning…

UPDATE: The other hack arrested is said to be the Daily Star Sunday’s Tom Savage. His identity was revealed after his own website “where am I?” feature pointed to Dulwich nick.

Wednesday, July 4, 2012

Mirror Hack Nicked

It begins…

Friday, June 15, 2012

With Mirror Stock Down 90% in 5 Years Sly Gets £900,000 Payoff

Bailey Bows Out on the Sly

There’s good news for Trinity Mirror employees today as bonus-happy boss Sly Bailey leaves the company.

She was expected to stay until the end of the year but has had her bags packed six months earlier than expected.

During her highly paid reign the share price slumped some 96% from their height in 2005.

Guido imagines there will be big drinks in the watering holes of Canary Wharf this lunch time…

Wednesday, June 13, 2012

Scottie Named New People Editor

James “Scottie” Scott, the deputy editor of the Sunday Mirror, has been named as the new editor of the People. Scottie will replace Lloyd Embley, who moved to the vacant weekday editor spot at the Mirror two weeks ago. The appointment is all the more interesting seeing as Scott was intimately involved with obtaining the Ulrika Jonsson story back in 2002. And we all know what happened there… 


Seen Elsewhere

Bercow ‘Wounded’ | Speccie
This Goes Further Than Rotherham | Simon Danczuk
Bercow Mocked | Times
Indy Deletes ‘Jewish Lobby’ Headline | MediaGuido
Cracknell v Boris | Sun
British Muslims are Failing to Integrate | Dan Hodges
Dear Sarah Wollaston… | ASI
Treatment of Ashya King’s Family Authoritarian | Brendan O'Neill
Stop the War Should Disband | Rob Marchant
State Should Not Act as Parent | Kathy Gyngell
Guido’s Column | Sun


VOTER-RECALL
Get the book Find out more about PLMR


Douglas Carswell…

“I stab people in the front, not the back.”



Owen Jones says:

We also need Zil lanes.


Tip off Guido
Web Guido's Archives

Subscribe me to:






RSS


AddThis Feed Button
Archive


Labels
Guido Reads
Follow

Get every new post delivered to your Inbox.

Join 1,439 other followers