Express Newspapers Lost £1.1m Last Year
Posted: 6/28/2012 | By: Roy Greenslade | The Guardian
Express Newspapers
recorded an operating loss of £1.1m last year, according to figures
filed with Companies House. That compared with a £335,000 profit in
2010.
The publisher, owned by Northern & Shell and headed by Richard Desmond, attributed the loss to a 25% increase in newsprint costs, which accounted for additional expenditure of £10.5m.
The publisher, owned by Northern & Shell and headed by Richard Desmond, attributed the loss to a 25% increase in newsprint costs, which accounted for additional expenditure of £10.5m.