Cuts pay off for Archant

Regional media group Archant has reported an operating profit of £7m, up £2m on last year, reports Press Gazette.

But turnover was down 0.9 per cent to £70.1m for the year to 3 July, and advertising revenue in fell 4.1 per cent in its regional press business.

Archant said that property was the only growing advertising category, up 9.3 per cent, but managed to increase overall profits by cutting operating costs by 4.1 per cent.

Archant publishes publishes a range of regional newspapers and specialist magazines. Its chairman, Richard Jewson, used the announcement to take a swipe at government cuts, which have “already damaged business sentiment”.

(Source: Press Gazette)

This article appears in issue 247 of Media Digest.

Comments

comments

 

“Before we all sink into a slough of digital dystopian despair, it might be worth considering this: is this a sign of the strength, not weakness, of revelatory journalism in the digital age?”


Charlie Beckett, director of POLIS at the London School of Economics, reacts to news that the UK government forced the Guardian into destroying hard drives that contained information leaked by Edward Snowden.


(Source: POLIS)

 

Subscribe to Media Digest via Email

Enter your email address to subscribe to Media Digest and receive notifications of new stories by email.

Latest Media Industry News, Independent News and Media, UK