Further to my interview with the Economist group's chief executive, Andrew Rashbass, it has released its half-yearly results.
They show that the group's operating profit rose in the first half of the year to £26.2m, an increase of 6% over last year. Revenue grew by 4% to £164.3m.
The Economist's editor-in-chief, John Micklethwait, echoed Rashbass by saying the magazine had "benefited from globalisation, the spread of English and the huge increase in the audience interested in intelligent coverage of global politics, business, science, technology and culture."
In confirming that digital-only sales of The Economist for e-readers and tablets (Kindle and iPad) plus its webite reached 100,000 for the first time in October, Rashbass said:
"Digital editions of The Economist reach new readers all around the world as well as providing even more value to our current subscribers. For us, as for many publishers, digital is not a zero-sum game."
Source: Economist Group
