Daily Mail profits plunge to pounds 67m
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Hefty redundancy charges and the soaring cost of newsprint have depressed profits at Daily Mail & General Trust, publisher of the Daily Mail, Mail on Sunday and the Evening Standard. The pre-tax total sank from pounds 92.1m to pounds 66.8m in the year to 1 October despite record advertising revenues and strong growth in circulation at the Associated national newspaper subsidiary. The company charged pounds 21.8m for redundancy and reorganisation costs, but refused to say how many staff left the group. Both circulation levels and advertising remain buoyant, it said.
Investment column, page 22.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments