FP Newspapers Q1 Revenue Up 7.9% as New Businesses Offset Decline in Ad Sales

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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.

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