Indy losses reduced by a third

The collective operating costs of the Independent, IoS and i newspapers fell by a third, to £12.3m, in the 12 months to September 2013.

The publisher, Evgeny Lebedev’s Independent Print Ltd, now believes it is on track to slash that total again to £5m in the year to come. It cited ‘one-off’ redundancies and other restructuring costs for the turnaround.

Its other paper, the London Evening Standard, which it turned into a freesheet four years ago, saw profits climb from £82,000 to £2m. And the independent.co.uk website moved from a £222,000 loss to a profit of £449,000.

(Source: MediaGuardian)

 

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“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)

 

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