Times Newspapers made £11.2m last year but The Sun lost £48m

Restructuring costs and pressure on print advertising hit profits at The Times last year and kept The Sun firmly in the red.

When restructuring expenses of £13.8m are included, Times Newspapers made an operating loss of £2.6m (down from a profit of £11.2m).

The Sun sits within News Group Newspapers Ltd. It reported an adjusted operating loss of £48m (compared with £71m a year earlier).

With restructuring costs of £15m, News Group made a total operating loss of £63m (down from £79m).

The Times grew its print circulation by 5 per cent in the year helped by more free copies distributed through “premium channels” such as British Airways. The Sunday Times print circulation fell 3 per cent.

Digital subscriptions for The Times and Sunday Times increased to 182,000.

Turnover for The Sun titles fell by £11m year on year from £457m in 2015 to £446m, hit by falling print circulation (down 8 per cent year on year Monday to Saturday) and faster falling print advertising revenue.

Read more…

Related posts