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News Corp UK & Ireland Suffer £3.5m loss, Sun Revenue Plunges

  • 17-12-2014 6:01pm
    #1
    JTMan
    Registered Users, Registered Users 2 Posts: 5,566 ✭✭✭


    So much for the tabloid app saving their bacon ... Roy of Media Guardian has the details ...

    News Corp UK suffers £3.5m loss

    http://www.theguardian.com/media/greenslade/2014/dec/17/news-corp-uk-suffers-35m-loss-after-51m-profit-the-year-before
    Rupert Murdoch’s British newspaper and publishing division suffered an operating loss of £3.5m in the year up to June 2014 compared to a £51m profit the year before.
    One stand-out feature was the plunge in the profitability of the Sun, where operating profits were down to £35.6m from £62.1m in 2013.

    The Sun’s revenues fell 5.5% to £489m, due, says the report, “to continuing market decline in newspaper circulation, particularly for the popular segment”.


Comments

  • #2
    JTMan
    Registered Users, Registered Users 2 Posts: 5,566 ✭✭✭JTMan


    Great article by Roy of Media Guardian on the financial state at News UK and Ireland.

    News UK spinners told only half the story about the Times

    Meanwhile, the FT notes that the only reason that the Sun had 'high' digital sales was a free tablet PC that was given to subscribers. That's one way to get 'digital subscribers'.


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