Wednesday, 3 February 2010

News Corporation made a profit of $259m on it's newspaper business in Q4 2009

"News Corp's newspapers delivered a 29% increase in profits to $259m, aided by cost cuts at British titles and by a robust performance from the Wall Street Journal. Despite ongoing financial woes on much of Fleet Street, Murdoch singled out the Sun for praise, saying it had achieved record weeks of advertising revenue recently and that it had "left other papers far, far behind in the contest for readers"."
Source: Official News Corp figures, reported by The Guardian, 3rd February 2010

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