Express Newspapers Lost £1.1m Last Year

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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.

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