Tough going for The West
The tough environment for newspapers has been underlined in a trading update from West Australian Newspapers today.
In the third quarter announcement, the company, which now has Kerry Stokes as the largest shareholder, said that normalised profits were going to be down 14.2% compared to the same period last year.
CEO Chris Wharton said: ‘This has been a very difficult quarter with further deterioration in the advertising market, particularly in the employment and real estate categories.”
However, he said the newspaper was repairing some of its previously poor relations with distributors and was seeing its first overall circulation growth since 2001.
Tim Burrowes founded Mumbrella in 2008. He worked on Mumbrella until 2021. At various points he was editor, content director and editor-at-large.
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