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Welcome to Lexington’s weekly round-up of media news and the latest moves in journalism. To subscribe please email communications@lexcomm.co.uk. 

MEDIA NEWS

Stringr for stringers 

A new ‘Uber-style’ app has launched a partnership with Reuters to match videographers with jobs. Stringr, which was founded in 2013 and operates under the banner ‘Video of Anything. Anywhere’, will be working with Reuters Connect to alert freelancers to assignments based on their skills and location. Stringr originated in the US but has since expanded to the UK, with plans to start operating in France and Germany. The app has been praised for its reach in rural locations but is facing criticism because users only receive money if the client decides to accept the content.

Digital wins 

Pre-tax profits at the Financial Times grew by more than two-thirds in 2018, according to accounts filed with Companies House. Financial Times Ltd made £7.9 million before tax in 2018, up 68% from £4.7 million in 2017. The strong figures reflect rising subscriber numbers with digital subscriptions growing by 11% to 796,000. Digital paid-for readership now represents more than three quarters of the FT’s total circulation. Circulation across print and online grew 8% year-on-year to 985,000.

Magazine loses

New analysis shows there has been a net loss of seven national print magazines in the UK over the past five years. Twenty-two national magazines have closed since 2014, whilst only 15 have been launched. Five of the closures were blamed on a fall in circulation; four closed so publishers could focus on online growth and three closed due to publishers focusing on another title within the company. A further three were ‘lads mags’ (FHM, Zoo and Loaded) which were said to be hit by ‘societal changes’ and a fall in circulation. There has been an additional loss of 18 local titles.

Battle for Brexit coverage 

Brexit Debate: A Very British Coup? will air tonight at 7.30pm on Channel 4 as broadcasters and newspapers prepare for the return of Parliament tomorrow. A panel of ‘senior politicians’ chaired by Krishnan Guru-Murthy will ‘provide an analysis of the public mood’ in front of a 100-strong live audience. Elsewhere, the BBC has finally found a suitable slot for Andrew Neil after his departure from This Week. The Andrew Neil Show will be broadcast on BBC Two at 7pm on Wednesdays ‘through the autumn’. Commenting on his new role, Neil said: ‘The autumn of 2019 is destined to be one of the most intriguing and significant in British politics for at least a generation. I’m delighted to be fronting a weekly show in prime time on BBC Two that will be on top of the story, whatever direction it takes.’

TWEET OF THE WEEK

MEDIA MOVES

Ben Morris has been appointed technology of business editor at the BBC.

Martin George is now features editor at the Local Government Chronicle.

Patrick Daly has joined PA Media as a political correspondent.

Charlie Bowden has joined The Times’ pictures desk.

Tanya Powley has returned to the Financial Times as transport correspondent.

Sophia Sleigh has joined the Evening Standard as a political correspondent.

Jennifer Ryan has been appointed EMEA media and telecoms editor at Bloomberg Europe.

Katerina Vittozzi is now North of England correspondent at Sky News.

COMMENT OF THE WEEK

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