UK's Telegraph Titles Narrow Losses

07 November 2007

LONDON: UK quality broadsheets, the Daily Telegraph and Sunday Telegraph, posted a loss of £9.8 million ($20.4m; £14m) during 2006, a marked improvement on the previous year's £30.7m deficit.

The current owners of the titles are reclusive billionaire twins Sir David and Sir Frederick Barclay who bought the newspapers three years ago from Hollinger International.

The subsequent period of restructuring witnessed a move from the former Thameside Canary Wharf site to a central London HQ, the creation of a digital newsroom and a slew of job losses.

Group turnover for the Telegraph titles and related activities was £449.7m, a rise of 2%, according to the filing with Companies House.

Data sourced from The Times Online (UK); additional content by WARC staff