paidContent:UK - Covering UK\'s Digital Media Economy

Current Story

Welsh Publisher Golwg Receives £200,000 Three-Year Grant

By Dianne See Morrison - Mon 02 Jun 2008 02:39 AM PST

The Welsh Books Council can’t be accused of being a bunch of luddites—not at least since they decided to award the publishers of Golwg a £200,000 three-year grant, reports icWales.co.uk. The panel specifically cited the magazines digital platform, noting that it would be able to “exploit” both the potential of new technology, while keeping the print side as well. The funding, aimed at supporting the Welsh language press, and allocated by the Welsh Assembly Government, almost went to the now-defunct Y Byd, a private venture rolled out a few years ago as the first Welsh language daily newspaper. But Y Byd, which relied on donations to get it up and running, didn’t have a digital counterpart, which the Council realized would have limited its reach. With print advertising in the doldrums, it also put a question mark over its long term chances of of survival. In October, the newspaper said the Assembly would “almost certainly” give them a £1 - £2 million pound grant, but in February the Welsh government decided to limit the grant to £200,000 a year, an amount of money that Y Byd said would not allow them to establish a “credible daily newspaper.” They also doubted the ability for “anyone else” to do so either.

Posted in: Companies, Media, Magazines, Newspapers, Money

Tags: welsh books council, golwg,


Our new Econoclast 10 lists the top ten most influential and innovative online celebrities.

Related Research from Alacrastore.com
0 Responses:
  • There are currently no comments for this article.

    Why don't you make one?

Post Your Comment

Mobile Options

» Mobile App
» Mobile/WAP Site

Send a News Tip

About

paidContent:UK covers the business of digital media for the U.K. and European markets.

Robert Andrews
U.K. Editor

Staci D. Kramer
Co-Editor

Dianne See Morrison
Contributing Writer

Ingrid Lunden
U.K. Contributor

Rafat Ali
Publisher

Online Ad Deals Report

Social Media Report

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters