Briefing
THE POWER OF FLEET STREET
THOUGH no longer located there,
Britain’s national newspaper industry is still colloquially known as
'Fleet Street.', which still enjoys a certain romantic notoriety as the
'Street of Shame' or the 'Street of Ink.'
Reasons for such a congregation of
journalists, printers and advertising people - a community close-knit, yet
riven with rivalries - probably goes back to 1500 AD, when Wynkyn de Worde,
an apprentice of pioneer printer William Caxton (1422-1491), set up shop
in the area.
Nearby were monastic foundations of Knights Templar and
Carmelites, who must have encouraged literacy, as did the establishment of
the Inns of Court. And so the locality saw growth of flourishing
printing and bookselling businesses.
Printer’s skills came to be
applied in new ways with the establishment of the Morning Post in
1772, The Times in 1785 and The Observer in 1791.
Steam-driven presses began to speed up the production process.
However, the crucial turning point was the repeal of Stamp Duty on
newspapers in 1855.
At the time, general literacy was
increasing , urban populations were growing, and the growth of the railway
network radiating out of London was tripling the distribution area
accessible within a day’s travel.
With the introduction of
telegraphy accelerating the news gathering process, the location of the
Press Association news agency’s office in Fleet Street became an important
consideration.
All these factors triggered a
colossal expansion. Successful proprietors - the tough-minded
ruthless ones - amassed fortunes and came to wield incredible influence
over opinions and events.
As politicians, businessmen and even
royalty sought their company and favour, their egos grew. They were
often ennobled - 'for their services' - and ran their newspapers like
feudal fiefdoms.
The newspaper nobility still
exists, but very few now remain in command - for example: Viscount
Rothermere whose Daily Mail was established by his forebears.
Along the way, for instance, the Aitken family ceded control of the Daily Express (founded by the Scottish Canadian, Max Aitken, later
Lord Beaverbrook), and the Astors gave up on The Times and The
Observer.
Rescue
The difficulty was that, while
ownership of a great newspaper gave access to incredible cash-flows and
influence, it was a highly perishable commodity - worse than fish on a hot
day. And the printing trade unions knew this.
As a result,
over the years, they commanded ever higher pay. A stifling structure
of inefficient methods and 'old Spanish practices' grew into place, all
conceded by proprietors desperate to get their newspapers back on the
streets and keep the advertising revenues flowing.
Then commercial television arrived
to steal away a major slice of the advertising cake. By the
mid-1960s, analysts were making it clear that the newspapers’ situations
were simply unsustainable.
If they continued that way for a couple
more years, the whole industry would go down. And managements spent
hours closeted in smoke-filled rooms, desperate to convince deaf trade
union officials.
Amazingly the industry did not
collapse, but continued to blunder along until rescue came in the form of
a traumatic technological revolution in the mid-1980s.
The stalking
horse was one Eddie Shah, a successful provincial entrepreneur who saw the
potential in computers and new printing techniques. He reasoned
that, using the latest methods and free of union constraints, he could
start a new challenger and make a profit.
The unions would have none of
attempts by established proprietors to introduce new techniques, and so
much expensive equipment lay gathering dust. Yet journalists working
for Shah’s Today reported with amazement how they were allowed to
change their own light bulbs and plug in computers.
THE PLAYERS
Thus encouraged,
the established newspapers began to force through reform one by one:
-
Biggest and boldest of the
movers was Rupert Murdoch, scion of an Australian newspaper family who
had arrived in Britain in the late 1960s. He bought the ailing Sun from the Mirror Group and stunned everyone by transforming it
into a brash direct rival for the Daily Mirror, the world’s
biggest selling paper at the time, and rapidly overtook it.
-
Murdoch’s News International
plc now owns The Times and the Sunday Times, both
broadsheet, plus the News of the World (Sunday) Today
and the Sun, all tabloids. Between them, the four titles
hold 37 per cent of the market. Most of this empire now operates
from a purpose-built newspaper factory near the Tower of London.
-
The move to 'Fortress Wapping'
was characterised by clashes between police and ousted print union
members trying often violently to disrupt the business. Murdoch interests also embrace Harper Collins book publishing and 50
per cent of BSkyB.
-
The Berry family lost control of
the Daily Telegraph and Sunday Telegraph to Canadian
magnate Conrad Black. These titles’ leap into new technology took
them to London’s Docklands, now re-developed as a city in itself to the
east of the City of London. The Telegraph plc’s broadsheets enjoy
5.4 per cent of the market.
-
The Daily Express and Sunday Express, once broadsheets but now tabloids, were taken off
Aitken hands by the Trafalgar House property group, owner of Cunard
shipping and the QEII ocean liner. Later, they were sold on to
United Newspapers plc, a publisher of regional titles and magazines
wanting to hit the big time.
-
City editor Andreas Whittam-Smith
saw opportunities in the new technology and established The
Independent, a modern broadsheet, and the Sunday Independent
under the umbrella of Newspaper Publishing plc. They won an
enthusiastic following among the yuppies of the 1980s, but have since
fallen on leaner times. Now owned by a consortium led by Mirror
Group plc, they are credited with two per cent of the market.
-
The widely-respected Financial Times abandoned its handsome brick HQ in the shadow of St
Paul’s Cathedral and moved south across Southwark Bridge. The 'FT' , with one per cent of the UK market, continues with an
ambitious programme to establish satellite printing around the world.
Currently it also prints as far afield as Leeds, Stockholm, Madrid,
Frankfurt, New York, Los Angeles, San Francisco, Hong Kong and Tokyo, to
name but a few, and distribution covers 160 countries.
-
The FT, printed on
pink paper and promoted by a similarly-styled hot air balloon, is
owned by Pearson plc, a large diverse company. Its interests
include Westminster Press, publisher of many local and regional
newspapers, Longman book publishing, Thames Television, Yorkshire-Tyne
Tees TV, BSkyB and collaboration with BBC World Service TV.
-
The Guardian, a wordy
broadsheet daily with a long liberal tradition, remains at its building
10 minutes from Fleet Street. It recently added a Sunday title to
its portfolio, the ailing Observer. Another liberal
newspaper, it seems to have lost its way in its battle to compete with
much more successful Conservative Sunday broadsheets. Guardian
Media Group plc has three per cent of the national market. It also
publishes regional and local newspapers and some magazines, and owns 15
per cent of GMTV.
-
While other publishers had moved
either south or east into re-development areas, Lord Rothermere took his
Daily Mail & General Trust plc westwards to the much smarter reaches of
Kensington High Street, abundant with elegant watering holes and
up-market shops. The location suits the style of Lord Rothermere’s
right-hand man Sir David English, who has built up the group’s three
titles. Traditionally supporters of the Conservatives, though now
apparently impressed with 'New Labour', they have done well by appealing
to the aspirations of a middle class that has grown dramatically in the
past 20-30 years.
-
The Daily Mail and the Mail on Sunday hold 12.5 per cent of the market and, after
successfully crushing rivals, the Evening Standard enjoys a
monopoly as the London newspaper, with editions hitting the
streets from dawn to dusk. The Trust also publishes many
regional newspapers, and has significant holdings in Teletext,
Reuters, ITN and local radio. Latest venture has been the launch
of a London cable TV station.
-
Last to move - from its
purpose-built HQ that became a landmark in the mid-1960s when it was the
biggest seller - was Mirror Group plc. It had undergone a torrid
period of ownership by Robert Maxwell who had snapped up the company for
a song, right from under the nose of the then management, headed by a
former building society chief who thought he understood media.
-
Maxwell, widely nicknamed the
'Bouncing Czech' or 'Cap’n Bob' was immense in frame, appetites and
ego. A former Labour MP, he had built up a technical and
educational publishing house, and enjoyed links with the Eastern Bloc.
He was wont to publish such engaging material as the collected
speeches of President Ceausescu
of Romania. In furthering his ambitions to match - or beat -
Rupert Murdoch on a global scale, he plundered the Mirror’s
coffers, including its pension fund.
-
When he died mysteriously in
1993 - he fell into the sea from his yacht - all these skeletons fell
out of the cupboard. Just as booming stock markets had served to
rocket him upwards, so their decline brought him down, and he could
not stop the slide. Two of his sons and an associate are
currently facing trial for fraud.
-
Now headed by stern Ulsterman
David Montgomery, the group moved to Docklands last year. The Daily Mirror, Sunday Mirror, The People and Daily
Record (Scotland) have 25.9 per cent of the market, and
traditionally support Labour, though their allegiances are less clear
now. Montgomery led the consortium that rescued Newspaper
Publishing plc, and recently started the Live TV cable channel.
Logic
All these moves were guided by a
common logic. Traditionally a newspaper HQ had had to be a
combination of prestige office and factory, with management suites and
boardroom at the top, chaotic newsroom in the middle, lead-fuming
typesetting machines below, huge rumbling presses in the basement and
despatch areas at the side.
The computer age dispensed with
all that. Now the journalist writes his copy on screen - direct input - or
sends it direct into the mainframe via modem from his laptop. The
sub-editor does any re-writing on screen, then passes the copy, headlines
and picture captions electronically to the layout man who does his job on
screen. Pictures too are 'wired' direct into the computer
system without any need for old-style prints, except maybe as reference.
The resulting 'pages' are then
transmitted via fibre-optic cable to the printing plant where they are
electro-chemically transformed into 'plates' which are attached to the
press. So it does not matter whether newsroom and printing plant are
a mile or hundreds or thousands of miles apart.
One advantage, in a
national context, is that 'satellite' printing plants can be placed
strategically around the country, cutting distribution times and slashing
transportation costs. The FT, with its
internationally-saleable product, has simply been extending this logic
world-wide.
Ups & downs of Fleet Street
circulations
Daily tabloids |
1964
|
1994
|
%age 1994
|
Daily Express |
4,275,643
|
1,367,394
|
9.6
|
Daily Mail |
2,423,424
|
1,793,922
|
12.6
|
Daily Mirror |
4,951,488
|
2,492,891
|
17.5
|
Daily Record |
522,656
|
747,347
|
5.2
|
Daily Star |
n/a
|
736,674
|
5.2
|
Sun |
1,265,020
|
4,071,083
|
28.5
|
Today |
n/a
|
587,213
|
4.1
|
Daily broadsheets |
1964
|
1994
|
%age 1994
|
Daily Telegraph |
1,312,582
|
1,007,776
|
7.1
|
Financial Times |
152,351
|
297,463
|
2.1
|
The
Guardian |
271,739
|
402,748
|
2.8
|
The
Independent |
n/a
|
280,824
|
2.0
|
The
Times |
256,123
|
484,776
|
3.4
|
Sunday tabloids |
1964
|
1994
|
%age 1994
|
Mail
on Sunday |
n/a
|
1,984,364
|
12.5
|
News
of the World |
6,224,174
|
4,773,857
|
30.1
|
The
People |
5,578,963
|
2,012,246
|
12.7
|
Sunday Express |
4,307,856
|
1,563,279
|
9.9
|
Sunday Mirror |
5,052,906
|
2,566,902
|
16.2
|
Sunday Sport |
n/a
|
269,429
|
1.7
|
Sunday broadsheets |
1964
|
1994
|
%age 1994
|
Independent on Sunday |
n/a
|
335,340
|
2.1
|
The
Observer |
714,424
|
500,804
|
3.2
|
Sunday Telegraph |
660,635
|
624,879
|
3.9
|
Sunday Times |
1,240,239
|
1,220,641
|
7.7
|
Totals |
1964
|
1994
|
|
Dailies |
15,431,026
|
14,270,111
|
|
Sundays |
23,779,197
|
15,851,741
|
|
All |
39,210,223
|
30,121,852
|
|
1987 words Copyright © by Anthony
Howard |