The Press: British Newspaper Profits

London's big dailies last week took in their belts yet another notch. Since World War II their diet of newsprint has been cut two-thirds; the size of penny papers has dropped from an average 19 pages to six pages thrice a week and four pages other days, twopenny papers from 22 to ten pages. Most noteworthy is the fact that their lean diet has agreed with them.

The majority of big London dailies still make almost as much money as they ever did*—despite rationing, circulation allotment, soaring pulp prices (£26 IDS a ton as...

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