View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. Media Business
January 28, 2013

Tindle Newspapers reports 278 per cent profit surge to £1.52m

By Andrew Pugh

A surge in profits at Tindle Newspapers suggests the UK’s embattled regional press may be finally recovering from the recession.

Buccaneering regional press owner Sir Ray Tindle reiterated his commitment to make more acquisitions and takeovers this year after his company, Tindle Newspapers, reported a 278 per cent increase in profit to £1.52m.

Figures for the year to March 2012 also reveal group operating profit rose 40 per cent to £1.78m and profit-before tax up 60 per cent to £2m, despite a 5 per cent fall in revenue to £36m.

Sir Ray told Press Gazette that his company had “survived the recession very well” by compensating for the drop-off in national advertising by increasing its local ad revenues.

He also credited Tindle staff, noting how the company had launched 17 new titles since the recession took hold at a time when some of its rivals were doing just the opposite and closing papers.

He said: “I give the fullest possible credit to the staff who have worked like Trojans to produce these papers when asked them.”

Among the Tindle success stories is the South London Press group.

Content from our partners
Five ways to fail in media job interviews
How Germany's Ippen.Media mastered content planning across 86 newsrooms
Free journalism awards for journalists under 30: Deadline today

In June 2012 the company announced it was launching eight new paid-for titles in London, each covering a “hyper-local” patch.

The overhaul of the 147 year-old newspaper has resulted in a 64.5 per cent rise in circulation, said Sir Ray.

Asked if he has plans for more expansion, the 86-year-old replied: “Absolutely. That’s quite critical.

“There will be more acquisitions and we may be offered some papers to buy. We are in no way retrenching.”

Email to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network