Media Money: More bad news for media companies

Posted by Peter Kirwan on 22 October 2008 at 15:06
Tags: Journalism

So the pound has slumped to $1.62 after Mervyn King’s gloomy speech in Leeds last night.
More bad news for Newsquest, News International, Conde Nast and IPC — just four of the companies whose remittances to corporate HQ in the US have to be transformed into dollars before they can hit the parental P&L.
A few months [...]

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