Promising results for City AM

Free London business daily made a loss of £363,000 (€400,000) in 2008, against a £1.3m loss in 2007.

For the 12 months to 1 July 2009 the City AM’s revenues were down by 2% year on year. Total losses in the three and a half years since the paper was launched are £7.4m in total (€8.3m), according the founders of the paper. (The Guardian)

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