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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Loss-making City AM postpones expansion

City AM, the free business paper that has just recorded its largest distribution in London with an average daily giveaway of 102,000 copies, has postponed plans to expand into Manchester and Edinburgh. The deepening mire of the UK economy has persuaded chief executive Jens Torpe to change his mind. City AM's latest accounts show a £1.8m loss in the 12 months to December 2007. (Via How-Do)

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