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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Record profits for newspaper publisher

Newspaper publishers may be suffering in Britain and the US, but Germany's Axel Springer, which owns Europe's largest-selling paper, Bild, recently reported the highest profit in its 62-year history.

Springer's 2008 core profit of €486.2m (£432m) outstripped its 2007 total of €470m (£418m). Its revenue rose by 5.8% to €2.73bn (£2.4bn).

Chief executive Mathias Döpfner said: "I don't believe in the end of journalism. On the contrary, I think the crisis can have a positive impact. The number of players will diminish, but the strong players may be stabler after the crisis." (Sources: Reuters/New York Times)

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