Unsurprisingly, the announcement of the scaling back on the newspaper group's internet ambitions w...
Unsurprisingly, the announcement of the scaling back on the newspaper group's internet ambitions was well-received by the market. Planned internet spending is to be slashed from £150m to £90m, the company's ic24 ISP is to be put up for sale along with the Sporting Life website joint venture with PA. The strongest sector of group performance came from the regional newspapers division which saw 12% like-for-like profit growth. However, until the advertising situation becomes clearer TM is at best a hold.
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