Simon Waldman dissects that very, very strange Ernst & Young report from the other day… "Frankly, I think E&Y are being a bit disingenuous - flagging the £120-250m figure and then saying it’s not really what they were saying we could earn.."

"[A]s before this is not [News Reporter Stuart White]’s fault. Step up owners Surrey and Berkshire Newspapers Limited, part of the Guardian Media Group."

"The [Manchester Evening News} believes it is in a strong position to withstand and indeed see off the launch of Crain’s Manchester Business in the coming months."

"Guardian Media Group is expected to take a minority stake in Incisive Media, owner of Legal Week and Accountancy Age, if its joint £1.2 billion bid with the private-equity firm Apax for Emap’s business division succeeds."

McCall: "… we have to be more overt about the Observer coming from the Guardian news and media stable. But we’re not going to have the Guardian-on-Sunday - the Observer is a strong print brand."

"Apax, the private equity firm, has teamed up with the publisher of The Guardian newspaper to mount a joint £1.2bn bid for Emap’s business publishing division … as it would fit neatly with Incisive Media , in which [Apax] has a shareholding"

"The chief executive of Britain’s Guardian Media Group [Carolyn McCall] said on Monday the company was keen to buy business-to-business assets, but would not confirm whether she has put forward a bid for media group Emap."

Simon Waldman: "I think the real shift here is not about blogging versus journalism - but sheer volume of news sources available to us - and therefore the need for new tools to that improve the way that people find and engage with news and information…"

The Asian News, which is going online-only, has 41,000 unique visitors per month.

Theasiannews.co.uk will now be MEN Media’s first purely digital publication.

Editor Shelina Begum: "From now on we will be an online only publication dropping traditional newspaper form. … sian News website is already one of the most successful in the MEN Media Group with 200,000 hits per month from 41,000 distinct visitors."