FP Newspapers Q1 Revenue Up 7.9% as New Businesses Offset Decline in Ad Sales
Posted: 5/15/2012 | By: The Canadian Press
WINNIPEG - The publisher of the Winnipeg Free Press, Brandon Sun and
other Manitoba newspapers delivered higher revenue but lower profit in
the first quarter.
FP Newspapers Inc. (TSX:FP) says its first-quarter profit was down about 20 per cent from the same time last year.
The decline was attributed to a decrease in the Winnipeg-based company's share of earnings from the FP Canadian Newspapers Limited Partnership.
FP Newspapers Inc. (TSX:FP) says its first-quarter profit was down about 20 per cent from the same time last year.
The decline was attributed to a decrease in the Winnipeg-based company's share of earnings from the FP Canadian Newspapers Limited Partnership.