This article focuses on Sir Ray Tindle's newspaper called the 'South London Press' which made a profit of £1.4m last year till the end of March 2013. The Tindle Newspaper, owns other titles including Farnham Herald and South London Press, which had pre-tax profits fall by a third each year from £2.06m to £1.39m in 31 March 2013. Notably, the total revenues of the newspapers fell by under 5% from £35.7m to £34m and the profit dropped 28% from £1.78m to £1.28m.
Furthermore, the publisher of Tindle's newspaper stated: "During the year the group has faced continue stress on revenue from pressure on the ad market. The board, however, has been able to offset much of this fall in national revenue by the launch of 20 very local titles in the London area and elsewhere" This establishes that Tindle's newspaper has been losing revenues but some of the newspapers the company owns may still be popular amongst customers. Notably, the newspaper is not making enough revenue there has been a staff cost dropped from £15m to £14.6m.
Overall, Sir Rindle Tindle's newspaper group did face difficulties last year because of an decrease of their profit. However, this did not not prevent company from closing their local newspaper.
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