Times begins reduction on ‘unsustainable losses’

Times editor James Harding warned that the paper would have to cut costs due to “unsustainable losses” – and it’s managed to do so by half in the last 12 months.

The News International broadsheet haemorrhaged £87.7m in 2009, but reported a pre-tax loss for £45m in 2010, according to the Financial Times.

Despite ad revenue returns remaining low, both the Times and Sunday Times saw circulation revenues rise.

(Source: FT, 17 January)

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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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