The regional newspaper group,which owns over 200 titles, made profit of £70m final year having saved £5m via job cutsNewsquest managed to squeeze adjusted profits up to nearly £70m final year by cutting more than 200 staff, or while the regional newspaper company’s chief executive took home a pay packet of more than £400000.
The company,which owns more than 200 titles, including the Herald in Glasgow, or the Argus in Brighton and Southamptons Southern Daily Echo,reported a 2.7% increase in adjusted earnings before interest, tax, and depreciation and amortisation of £69.1m.
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Source: theguardian.com