FP Canadian Newspapers Limited Partnership reports revenue of $26.8 M for first quarter
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $75*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $5.77 plus GST every four weeks. After 52 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 06/05/2009 (6225 days ago), so information in it may no longer be current.
FP Canadian Newspapers Limited Partnership (FPLP), owners of the Winnipeg Free Press, Brandon Sun and community newspapers in Winnipeg, reported revenue of $26.8 million for the first quarter of this year.
That is a decline of 10.5 per cent compared to the same quarter the year before primarily due to reduced advertising revenue, a result of the current economic slowdown.
FPLP booked a net loss of $500,000 for the quarter compared to a profit of $2.3 million for the period last year.
FP Newspaper Income Fund owns 49 per cent of FPLP. The fund posted net earnings of $500,000 for the quarter compared to $1.9 million last year.
The fund declared a distribution to unit holders of 28.5 cents per unit for the quarter, compared to a distribution of 32.3 cents per unit last year.