City AM expansion plan on hold

Expansion outside London of free business daily City A.M. is put on hold until the economy “gets back to something like normal” according to chief executive Jens Torpe in Press Gazette.

The paper made a loss of £1.8m in the 12 months to the end of December 2007, although it is now close  to break-even according to Thorpe. Total accumulated loss since the paper launched in 2005 is £7m.

There were plans to launch the free daily at least in Manchester and Edinburgh in the spring of this year (see previous post).

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