Published Date:
18 September 2008
NEWSQUEST (Herald & Times), owner of The Herald, Sunday Herald and Glasgow Evening Times newspapers, has announced a fall in profits and a £1.5 million decline in turnover.
US media giant Gannett, which owns the titles, unveiled pre-tax profits of £23.8m, down from £24.1m for its Scottish arm. Turnover declined to £86.8m to December 30 2007, compared to £88.3m to the end of December the year before.
The three Scottish titles accounted for 26.7 per cent of Gannett's UK profits last year.
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Last Updated:
18 September 2008 10:34 AM
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Source:
Edinburgh Evening News
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Location:
Edinburgh
