Legal Research

London paper axed - hurrah

By scott

So, after my questioning how Mr Murdoch could be giving his physical papers away cheap or for free on the one hand and want to charge for that content online on the other, comes the news that  News International is pulling the plug on its afternoon freesheet, the London Paper. The London Paper recorded a pre-tax loss of £12.9m in the year to 29 June 2008 on a turnover of £14.1m. In the previous 10 months it had lost £16.8m. It’s move from the market will leave Associated Newspapers’ London Lite all alone in the freesheet market. The market never needed two afternoon freesheets, especially as the actual layout and content of both was virtually identical, and its questionable whether it needs a free afternoon freesheet at all. The question will then be whether London Lite follows suit and quits the market.  It should.

Full post as published by Information Overload on August 21, 2009 (boomark / email).