Times Newspapers loses �88m as promotion drops

By Rupert Neate, City Reporter (Media) 615AM GMT twenty-three March 2010

The Sun and The Times - Times Newspapers loses �88m as promotion drops Photo AP

Losses at Times Newspapers Limited widened from �51.3m in the prior year, boring Rupert Murdoch"s complete British journal sovereignty to a �4.5m pre-tax loss.

Newscorp Investments, the holding association that owns The Sun, The News of the World, The Times, The Sunday Times, had done a �131.5m distinction in the same duration in 2008.

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Revenue forsaken to �1.35bn compared to �1.43bn in 2008.

Newscorp Investments, that is deliberation introducing "pay walls" to the journal websites, pronounced that in the destiny it "expects a larger suit of the revenues to be subsequent from approach relations with the readers".

The association additionally plans to enhance paid-for services such as Sun Bingo, The Sunday Times Wine Club and Dream Team, The Sun"s fantasy football game.

News Group Newspapers Limited, that publishes The Sun and The News of the World newspapers, reported a 10pc tumble in pre-tax distinction to �40.2m, on income down 1.5pc to �617.9m.