News International profits ’sluggish’
Posted by
Martin Stabe
on 9 February 2006 at 12:25
Tags: News of the World, Sun, Sunday Times, Times
Releasing earnings figures yesterday, News Corporation said that while its profits were up, it’s no thanks to its newspaper division, which saw profits decline by 63 per cent.
As the Independent reported, the 650 redundancies that will result from it Wapping printworks will cost £57m. The company is moving its printing operations to sites in Enfield, Glasgow and Liverpool.
The Indy also mentions that News Corp had announced advertising revenues from its UK newspapers are ’sluggish’ - a fact curiously omitted from the Times’ report.
In addition to the Times, News Corp is the parent company of the Sunday Times, Sun and News of the World.
Tags: News of the World, Sun, Sunday Times, Times
