|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Monday 02nd of November 2009
October 27, 2009    

Uncertain future at London Lite Newspapers

Bookmark and Share

by Kay Murchie
”Uncertain

Free evening newspaper, London Lite, has seen its future thrown into doubt today after its owner Associated Newspapers said it would begin a consultation with its employees.

London Lite, which is currently losing almost £10 million a year, was launched on 30 August 2006 but its owner has recently expressed concern about the “commercial viability” of the paper.

The paper employs 36 staff and has a circulation of 400,000.

The news comes just a month after its rival, The London Paper, owned by News International, ceased publication.

The only other free newspapers left in the capital are the Standard and morning paper the Metro.

Steve Auckland, managing director of Associated Newspapers free division, comments: “The latest development in the London afternoon free newspaper space dictates that we look again at the future of London Lite,”

“Despite reaching a large audience with an excellent editorial format, we are concerned about the commercial viability in this highly competitive area,” added Auckland.

Discuss this in the Finance Markets forums

Story link: Uncertain future at London Lite Newspapers




Related financial stories to: Uncertain future at London Lite Newspapers:
Previous: « US consumer sentiment falls unexpectedly in October
Next: EU set to approve Northern Rock split »

Visited 252 times, 5 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment