Date: Tuesday 2 February 2010
Time: 06:00pm - 08:00pm
Location: The Garden Room, St. Stephen’s Club, 34 Queen Anne’s Gate, London, SW1H 9AB
Title: The Unrepentant Capitalist
Luke Johnson is Chairman of Channel 4 Television and Risk Capital Partners. Luke also writes a weekly column for the Financial Times and wrote for the Sunday Telegraph for eight years. He was Chairman of PizzaExpress during the 1990s and is currently an owner and Chairman of Giraffe restaurants and Patisserie Valerie. He has also owned companies in recruitment, dentistry and retailing. He graduated from Oxford and worked as a stockbroking analyst covering the media sector in the 1980s. He lives in London and is married with two children.
Date: Thursday 14 January 2010
Time: 12:45pm - 02:15pm
The Editors is a series of Power Lunches with the editors of the countries top newspapers. Inspired by a lunch with Lionel Barber towards the end of last year, we already have most of the top newspaper editors booked to discuss the newspaper industry and current events.
Date: Tuesday 17 November 2009
Time: 12:45pm - 02:15pm
Title: The Newspaper Industry: Is the future free?
Geordie Greig, editor of the London Evening Standard, was our guest at a Power Lunch in Westminster this week.
He outlined the brave new business model at the Standard, which used to charge 50p but is now given away free on London's streets and at commuter stations. I don't think any newspaper makes money these days – most have found that advertising revenue has collapsed during the recession – but the new strategy has cut losses and greatly increased the circulation (and hence the attractiveness to advertisers) to 600,000 and rising, so the Standard hopes to be in profit within three years' time. And, of course, the Standard has seen off two other free papers, The London Paper (which Murdoch pulled the plug on last month) and London Lite (which closed last week).
The Standard is indeed an interesting model in these changing times. It is the latest example of what my colleague Dr Madsen Pirie has dubbed the 'free economy' where product is delivered to people free – think of all those radio stations, free magazines, advertising matches, and DVDs that come with the Sunday papers – but is paid for by advertising or other support further upstream. Many of these free offerings are of course of rather poor quality. Greig's mantra, however is 'quality, but free' and he hopes to maintain the mix that has kept the Standard going, against the competition, for many decades.