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Media Lifeline: Times Newspapers.(financial statement)(Chronology)(Company overview)
As losses continue to escalate, what is the future for Murdoch's titles?
1993: After the union troubles and Wapping move in the 80s, Rupert Murdoch takes his commitment to his flagship quality UK newspapers, The Times and The Sunday Times, to another level when he triggers a savage coverprice war in the quality market.
2002: The price war helps push circulation on The Times through the 800,000 mark (from around 350,000 previously), but at a huge cost Although the price war winds down in 1999 thanks to the threat of an Office of Fair Trading investigation, it all kicks off again in 2002 - and this time it's against the austere background of an advertising recession triggered by the terrorist atrocities of 11 September 2001 in New York.
2004: The full extent of the mounting losses at Times Newspapers emerges in May when the company reveals that the deficit to the end of the financial year, 2003, was pounds 28.65 million - almost double the previous year's losses of pounds 16.3 million. The deficits are almost certainly attributable to The Times, but costs on The Sunday Times are not insignificant either - thanks to the launch of its CD-Rom content vehicle, The Month.
2005: The ...
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- Newspaper article from: Chicago Tribune (Chicago, IL) Hersh, Philip September 9, 2005 700+ words
...Equipe, the French newspaper that made the allegations...Agency Chairman Richard Pound for making public statements...athlete on the basis of a newspaper article and without...Attempts to reach Pound and laboratory officials...editorial appearing in his newspaper's Saturday edition...
- SARWAR SUES NEWSPAPER FOR pounds 750,000.(News)
- Newspaper article from: Daily Record (Glasgow, Scotland) Smith, Anna May 24, 1997 700+ words
Under-fire MP Mohammed Sarwar is suing a Sunday newspaper for pounds 750,000. Britain's first Asian MP is determined...banned from casinos for cheating, gave his story to the newspaper after the alleged handover of cash at Glasgow's Marriott...
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- Newspaper article from: The Daily Mail (London, England) May 7, 2004 700+ words
...claim against the newspaper for breach of confidence...cancelled her [pounds sterling]3,500 award against the newspaper, saying she had...cost the embattled newspaper - which is facing...Iraqi prisoners - [pounds sterling]1million...
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- Newspaper article from: Birmingham Evening Mail (England) December 22, 2001 700+ words
...Editor THE Evening Mail today handed over pounds 1,000 to help save the life of a young...facing a race against time to raise the pounds 53,000 needed to carry out the procedure...readers have helped raise a staggering pounds 42,000. The figure was given a further...
- Hewitt free to sell Di's love letters; Newspaper offers pounds 10m for secret...
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...to him during their affair between 1989 and 19991 for up to pounds 10 million to an reporter posing as a Swiss tycoon. "I can...collector,'' Mr Coleman said. "The story is accurate in the newspaper, it is just the emphasis that is wrong,'' he added...
- Newspaper must pay pounds 129,160 for contempt of court; LONDON.(News)
- Newspaper article from: Western Mail (Cardiff, Wales) April 20, 2002 700+ words
...to pay a total of pounds 129,160 in fines...the fines on the newspaper's publishers...Goldsmith QC, took the newspaper to court after Mr...MGN Ltd to pay a pounds 75,000 fine and...which means the newspaper's conduct could...the first trial at pounds 1.113m and for...
- New press for The Western Mail; NEWSPAPERS: Trinity Mirror confirms pounds...
- Newspaper article from: Western Mail (Cardiff, Wales) September 28, 2001 700+ words
...UK's largest newspaper group, Trinity Mirror, is investing pounds 17.5m in a new...producing 70,000 newspapers an hour and 128...is the largest newspaper business in Wales...the only Sunday newspaper published in Wales...weekly paid-for newspapers have a combined...
- Mirror bid values Midland newspaper publisher at pounds 297m.(Business)
- Newspaper article from: The News Letter (Belfast, Northern Ireland) July 5, 1997 700+ words
...Midland Independent Newspapers, valuing the regional publisher at pounds 297 million. The...and reach of the newspapers while maintaining...the complementary newspaper titles of MIN and...acquired Century Newspapers in 1996. This...