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Express Newspapers reports £1.1m operating loss

Severe losses for Express Newspapers

Express Newspapers saw operating losses of £1.1m last year, its latest figures reveal.

The company, which publishes the Express and Star titles, blamed a 25 per cent increase in newspaper costs – accounting for additional expenditure of £10.5m.

In 2010 the newspaper group had an operating profit of £335,000.

Read more at Press Gazette