The Guardian
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Earnings
Print Roundup: Centaur Update; Metro International Moves; December Newspaper ABC Figures

imageCentaur update: The B2B magazine publisher’s revenue was down 16 percent year-on-year between June 30 and November 14, it said in a trading update. But ongoing cost cuts mean profits will be in line with expectations and Centaur bullishly said it would consider acquisitions this year. But quite the opposite seems to be happening as the company considers shutting down its monthly Public Private Finance magazine. Release.

Metro International: Swedish-owned, global free newspaper publisher Metro International is shutting its London office and moving 35 staff to Stockholm by the end of the year. The move will cost €500,000 (£394,000) but it’s designed to save €2 million (£1.57 million) overall. The company, which has its HQ in Luxembourg, plans to leave its global sales and editorial departments in London but will leave its current offices. Metro, which moved into Reuters’ old building in 2007, is the last newspaper group to leave London’s Fleet Street. Release.

December national newspaper circulation: No surprises in today’s national newspaper ABC figures: it’s down, down and more down for everyone on a year-on-year basis, except the London Evening Standard, which is giving away more copies for free, and The Sunday Times which saw a minimal 0.63 percent rise. The News of the World posted its worst figures since it began auditing 50 year years ago and dropped below the three million mark. There has been talk of the Standard going free for free a long time, but it may be going that way through the back door: it’s daily average was 287,173, of which 126,000 were give-aways. Guardian.co.uk has more.

Jan 9, 2009 10:04 AM ET
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Posted In: Media & Publishing, Magazines, Newspapers, Money, Earnings

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