Rise in subscription revenues and cost cutting help offset 1% decline in digital and print salesIncreased subscription revenues and cost cutting helped the Times and Sunday Times report a combined pre-tax profit of nearly £11m for the 12 months to the conclude of June 2015.
The improved financial performance comes a year after the company reported its first operating profit for 13 years in 2014. At the time, pre-tax losses were nearly £1m.
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Source: theguardian.com