the Daily Mail and General Trust announced a return to profit after a poor couple of years. Advertising has recovered a little, the expensive jaunt that was London Lite has been stopped and the website has lots of hits with its solid concentration on celebrity lite news. There were also 680 redundancies. Still, at least the future look stable.
Meanwhile the Guardian, so long the darling of the left, is in rather a lot of trouble. Not only are losses expected to be bad this year, but they backed the Liberal Democrats into the Government. Their repayment seems to be the Liberal acquiescing to the Tory plan of setting up an in-house Government jobs website. This will be catastrophic for the ad revenue of the Guardian as many of its ads are purely for Government work. And those that are not often publish Government advice and Quango self-justification adverts.
All in all, another victory for the Right wing over the Left. Shame in some ways, even as a right winger I know which paper I would rather read (if forced). Still, onward march market forces, at last.