Sunday, January 24, 2010

What Future for Local Newspapers in Scotland?

David Hutchison writes:

Well, despite the encircling gloom, all is far from lost. The companies that dominate the local newspaper industry in Scotland and Britain - such as Trinity Mirror, Johnston Press, and Clyde and Forth Press - are still making good returns on their press investments, profit margins of well over 10 per cent, which is less than they have been used to making but rather more than many businesses in other areas of the economy are achieving, or have any hope of ever achieving.

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