Daily Mail and i newspaper publisher Associated News has recorded a £699,000 loss in the year ending 2 October 2022.
Revenues for the company, which also include the Metro and Mail Online, increased 4.1% to £616m, and the publisher claimed its print brands had “increased their market share” by achieving a slower rate of circulation decline.
Newspaper publishers and wholesalers agree to improve deliveries at the Fed’s news summit
However, the war in Ukraine, inflation and the consumer-spending squeeze were attributed to Associated News’ failure to turn a profit for the first time since 2012.
A statement in its results said: “Increased cost pressure has adversely affected the profitability of the newspapers.”
The company said “continued cost efficiencies” were ongoing to protect its print operating profits.
Read more news and advice about the newspaper and magazines category and click here for the latest ABC circulation figures
This article doesn't have any comments yet, be the first!