FP Newspapers Profit Falls As Lower Ad Sales Cut Into Partnership’s Revenue

By: Toronto Star

WINNIPEG — FP Newspapers Inc. had a smaller second-quarter profit as a decline in ad sales cut into revenue at the limited partnership that publishes the Winnipeg Free Press and Brandon Sun.

FP Newspapers earned $1.3 million of 19.2 cents per share in the second quarter, a $500,000 decline from the year-earlier period.

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