Severe losses for Express Newspapers
By Press Gazette [1] Published 27 June 2012Severe 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.