TMG profits hit £60m

Telegraph Media Group has announced that profits rose 11 per cent to almost £60m in 2010.

The publsiher put the results down to its merging of print and digital operations and a resurgence in advertising income.

Pre-tax profits were up by £5.8m year-on-year to £58.9m. That figured looked even better considering 2009’s pre-tax profits were “flattered” by a one-off sale of land. That brought in £13.2m, meaning like-for-like growth was closer to 50 per cent, according to TMG. Turnover was up 2.1 per cent to £323m.

(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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