City AM opts for temporary closedown for the summer

City AM, the free business newspaper, will close down for a summer break next week because London’s financial district is so quiet, according to managing director Lawson Muncaster.

He says there has been a fall in average ad revenues of up to 30% in August, compared to June’s income, and distribution has fallen from nearly 90,000 to 75,000.

The newspaper will cease printing from Monday August 21 and hit the presses again on Tuesday 29, to include the Bank Holiday in the break. Shutting down for a summer break is a custom familiar to newspapers around Europe but has not been practised here in the UK.

Muncaster states: “The City is dead at the moment, with everybody away. This week alone there are three days when not a single business is announcing any kind of results. We’ll be distributing as normal after the break – we’ve got more ad space bookings for September than we’ve ever had in a single month so we’re not worrying.”

City AM, which was initially distributed just by hand in London’s financial districts, will reach its first anniversary in the first week of September, and executives say the newspaper will become profitable in its second year.

The newspaper’s owners are targeting a circulation of 100,000 and last month achieved a figure of 87,993, a rise of 27.4% since its first ABC figure for December 2005. That growth has been helped in part by City AM’s development of corporate distribution within big companies and institutions. Most recently, Abbey has agreed to the paper being distributed in its offices.

Latest from Marketing Week


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email

If you are looking for our Jobs site, please click here