FP Newspapers Says Third-Quarter Profits Drop to $1 Million

By: The Canadian Press | winnipegfreepress.com

WINNIPEG - Media company FP Canadian Newspapers Ltd. Partnership said Thursday its third-quarter net earnings dropped by 33 per cent to $1 million.

The Winnipeg-based company, which is partly owned by publicly-traded FP Newspapers Inc. (TSX:FP), said the results were equal to 14.1 cents a share, versus $1.5 million, or 21.9 cents per share a year earlier.