Evening Standard reports £11.5m loss amid ad struggles
Free London newspaper edited by George Osborne has not been in the black since 2016
The Evening Standard made a loss of almost £12m last year as the freesheet continues to struggle in a tough advertising market.
The title, which is controlled by Evgeny Lebedev and edited by the former chancellor George Osborne, made a pre-tax loss of £11.5m in the year to the end of September 2018. It takes losses at the Standard, which recently cut jobs as part of a cost-saving merger of print and online operations, to more than £23m in the last two years.Continue reading...