What the media commentators say....

Stephen Glover reveals to his Independent readers that The Times is losing "a stupendous amount of money", and that all the serious papers are finding it difficult to make a profit. He blames the problem on Rupert Murdoch's price-cutting. Emily Bell in The Guardian also considers the "the torpid gloom hanging over the traditional media sector" by looking at the severe downturn in television advertising in contrast to the rise in the spend on new media. (Via independent.co.uk and media.theguardian.com)