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Newsquest Almost Doubles Profits
Local newspaper publisher Newsquest today announced pre-tax profits of £17.3 million for the three months to April 5, up from £9m the previous year. Turnover rose from £71m to £79.5m.
Classified ad revenue rose from £40.5m to £45.8m while display ad revenue went up from £18.8m to £19m. Circulation revenue rose from £10m to £10.1m.
Newsquest yesterday bought Review Free Newspapers for £6m (see Newsquest Buys Heartbreak Newspaper Group).
Newsquest:0181 640 8989
