23 SEPT 2013 - PROFITS FROM ROYAL BABY
The parent company of the Press Association reported a rise in operating profits of a quarter to £9.8m last year, but warned of the rising threat of a new wave of digital news and content rivals.
The PA Group, which owns the UK news agency, reported a 6% fall in total turnover to £99.4m.
However, the company said that after stripping out some of its joint-venture activity – the group sold its 50% stake in Canada Newswire to partner UBM in 2012 – like-for-like revenues were up from £90m.
Pre-tax profits were £12m, down on 2012’s £38.5m which was boosted by more than £26m from the CNW stake sale.
The core Press Association business saw revenues drop slightly, from £62.7m to £60.5m, with profits up from £3.3m to £5m.
Clive Marshall, chief executive of PA Group, admitted the business is being squeezed by an explosion of digital news sources and outlets.
Adjusted operating profits at PA actually fell by 6% and the pre-tax profit figure of £5m was boosted by a non-cash element of interest credits relating to its pension fund.
“2013 proved to be another challenging year for the media industry,”
he said. “We are acutely aware that our business will need to continually adapt to reduce our dependence on traditional media by developing a new range of services that will enable us to fully capitalise on the huge demand for compelling, quality multi-media content.”
Nevertheless Marshall said that PA benefitted from a range of big media stories, including the death of Lady Thatcher, birth of Prince George, and killing of soldier Lee Rigby in Woolwich, London.
“The biggest story of 2013 was the royal baby,” said Marshall. “We ran thousands of words and hundreds of pictures on the wire. On video, we streamed live pictures from outside the hospital and they were watched more than 5m times. It is a good example of how we have evolved our services to make the most of every opportunity.”
Marshall took home a total remuneration package of £690,000, down on the £984,000 in 2012.
Staff wages, salaries and pension costs rose from £50m to £53m as employee numbers grew slightly to 1,239.
The biggest corporate move made by PA Group last year was the sale of weather forecasting business MeteoGroup, a hugely successful investment, for £158.5m to General Atlantic.
As a result, PA Group said it will record an exceptional profit on the sale of almost £128m in its 2014 results, which will be published next year.
bucks for the Press Association, or a wonderful event for the Royal
Family. Press Association chief Clive Marshall is quoted as saying that the birth of
Prince George was the agency’s biggest story of 2013.
The Press Association (PA) is a multimedia news agency operating in the United Kingdom and Ireland.
PA is part of PA Group Limited, a private company with 27 shareholders, most of whom are national and regional newspaper publishers. The biggest shareholders are Associated Newspaper Holdings Limited, News International plc, Trinity Mirror plc and United Business Media plc. The group also encompasses Globelynx, which provides TV-ready remotely monitored camera systems for corporate clients to connect with TV news broadcasters in the UK and worldwide; TNR, a specialist communications consultancy; and Sticky Content, the UK's leading digital copywriting and content strategy agency.
PA delivers a continuous feed of content via a national newswire, including text, images, video and data into newsrooms around the country. This ranges from international sports data and entertainment guides, to TV listings and archived images.
For instance, PA Images has more than 12 million photographs available online and around 10 million in physical archives dating back 150 years.
PA has continually evolved to provide businesses, brands and public sector organisations with multimedia content. PA’s products and services span across sports data APIs, hosted live blogs, social media content, media training, page production services and TV listings.
PA’s customers are varied, consisting of non-media customers, business brands, commercial companies, Government and not-for-profit organisations.
The Press Association was founded in 1868 by a group of provincial newspaper proprietors to provide a London-based service of news-collecting and reporting from around the United Kingdom.
The news agency's founders sought to produce a more accurate and reliable alternative to the monopoly service of the telegraph companies. A committee appointed to make arrangements for the formation of the organisation said: "The Press Association is formed on the principle of co-operation and can never be worked for individual profit, or become exclusive in its character".
The Press Association launched the Ananova news website in 2000. Ananova was then sold to Orange.
In December 2013, PA Group sold its weather business MeteoGroup, Europe's largest private sector weather company, to global growth investment firm General Atlantic.
A full history of the Press Association was written by Chris Moncrieff, CBE, the former Political Editor of the Press Association in 2001 called "Living on a Deadline."
Since returning to her royal duties, Kate has nailed her public appearances in the style stakes. We've seen shorter hemlines, lower necklines and the nude midi heels are gone.
According to a Vanity Fair report, the
Duchess has enlisted her personal assistant, 27-year-old Natasha Archer, as her new stylist.
Natasha Archer, known as "Tash" at Kensington Palace, is now a key part of Kate's team and has been helping Kate select trendier choices.
"Initially Kate was a reluctant fashion icon, but now she enjoys it. Tash helps source some of the clothes. She shops a lot for Kate online, and calls in hundreds of dresses for Kate to try on," a source said.
"She has persuaded Kate to take some more risks. The hemlines are shorter and Kate's really pushing the boat out in the fashion stakes."
PRESS ASSOCIATION AGENCY
PA’s service supplies news, sport, entertainment and images stories, delivered in multi-format for various print and digital platforms.
PA provides a stream of content on wires, delivers packages for use online, or designs and delivers ready-to-publish pages for use in print. This media content now includes video and interactive graphics.
• PA news reporters file stories every day, from breaking news to show business and human interest stories.
• In sport, PA reports on the major events around the world including tennis, golf, rugby, horseracing and key football tournaments.
• PA’s entertainment journalists gather celebrity coverage, star interviews and independent reviews.
• PA Images provide photographic content for the news, sport and entertainment genres from around the world. Images are multi-format and available for multiple platforms, e.g. tablet, smartphone.
BOARD OF DIRECTORS
Murdoch MacLennan (Chairman, PA Group)
Clive Marshall (Chief Executive, PA Group)
Tony Watson (Managing Director, Press Association)
Andrew Dowsett, (Chief Operating Officer, PA Group)
Simon Fox (Chief Executive, Trinity Mirror)
Kevin Beatty (Chief Executive, A&N Media)
Mike Darcey (Chief Executive, News UK)
Adrian Jeakings (Chief Executive, Archant)
Mail and General Trust
Business Media plc
Crosbie & Co
A to Z directory, please click on the links below to find your favourite
news or to contact the media to tell your story:
a press release: Sending
a release to PA PR
The Press Association news desk on: T: +44 (0) 20 7963 7000
To send a potential news story for consideration by PA editors,
note that all attachments will be ripped out as these e-mails are directed into PA's news system. Any press release copy needs to be
copied and pasted into the e-mail itself. Content sent to email@example.com will be considered by the newsdesk and may be passed to a reporter to be followed up.
PA does, however, distribute full-text press releases directly to
newsrooms on their PA
Mediapoint service. To include a press release on this service, please contact PA's partners direct :PR
Association HQ 292 Vauxhall Bridge Road, London, SW1V 1AE
More information is available on
this site, or by contacting Martin Huckett: T: +44 (0) 20 7963 7849
+44 (0)20 7963 7000
Fax: +44 (0)20 7963 7090
292 Vauxhall Bridge Road
+44 (0)20 7963 7000
Fax: +44 (0)870 120 3201
+44 (0115 844 7447
Fax: +44 (0)115 844 7448
+44 (0)20 7963 7000
Fax: +44 (0)870 830 6726
1 Central Quay
0870 124 4188
Fax: 0870 830 6726
+44 (0)20 7963 7000
Fax: +44 (0)28 9043 9246
Scottish Provident Building
7 Donegall Square
020 7219 5287
Fax: 020 7799 1026
Press Association -
House of Commons
+44 (0)20 7963 7000
Fax: +44 (0)117 934 3642
1 Temple Way Bristol
+44 (0)191 230 2988
Fax: +44 (0)191 230 2960
COPYRIGHT & CHARGES
copyright is claimed by solicitors for the PA, as per the above letter -
they do not advise where there is a review of media published articles
with comment as to the coverage, that such use is a fair and permitted use
as provided by Sections 29, 30 and 31 of the Copyright, Designs and
Patents Act 1988 as may have been amended.
note, that where photographs have been modified to enhance their
qualities, that a fresh copyright is created. In the case of many PA
pictures, they are not in any case of merchantable quality, thus a charge
for use is likely to be an over-charge, rather than a legitimate fee for a
commercial grade picture - for which in the case of the above letter, they
appear to be trying to charge. Note also, that no details of the pictures
concerned are given. How then is any recipient of such a letter to be able
to identify if there is cause, such as to consider making payment. You may
thus recognize this type of communication as a bit of a try on - and
possibly a breach of the code
of conduct of solicitors, or other ethical standards agencies such as
the Financial Services Authority (FSA),
although there are now two bodies that have taken over the FSA's role: The
Financial Conduct Authority (FCA) and
The Financial Ombudsman
57 (a) or (b) of the Copyright,
Designs and Patents Act 1988, sets out time limitations and the need
to be able to identify the identity of the author of photographs and
pictures. This is particularly important with the advent of the internet,
where hundreds or even thousands of websites may use the same or similar
photographs, each one modified - so creating a fresh copyright. Who then
is the author? Of course it is virtually impossible to be sure - and poor
quality thumbnails and the like, for sure do not qualify as original art,
merely an indication of where the original art may be located - hence a
legitimate acknowledgment of the authors, and nothing more.
Max Energy, we never refuse permission to reproduce our works where use is
for genuine review, educational, study, or for non-profit making events,
such as by legitimate charities. We would though encourage suitable
acknowledgement in accepting a/third party rights under Articles 9 and 10
of the European Convention
of Human Rights.
of our registered trademarks is another
matter entirely and will always require a License, even if used by a
charity, but for non-profit making concerns, we generally grant a free
License. You should though apply to Max
Energy Ltd if you would like to use any of the marks advertised on
this website as trade marks, such as not to break the law and potentially
commit a criminal offence. if in doubt please contact us. Unlike the PA's solicitors,
we will not seek to levy a charge for investigating and processing
applications for temporary free licenses.
will find dozens of forums online about this debt collection agency and
the methods they use.
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