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“Profitable since going all-digital”: What publishers can learn from The Independent’s growth story

What's New in Publishing 23 Mar 2020 11:35

The Independent is now one of the most profitable newspapers in the UK. It’s a significant achievement for a company that had to stop print and go digital-only in 2016, to survive. 

Its revenue has almost doubled since then. Earlier this month, the publisher announced a 9% jump in annual turnover, and the third consecutive year of profits. 

Few, if any, serious, quality newspapers in the world have successfully made the transformation from print to digital only. The Independent has been profitable since going all-digital, and nearly four years in it, continues to grow substantially on the top line.

John Paton, Chairman of Independent Digital News

“More profitable than The Telegraph”

The latest figures shared by the publisher show that advertising revenues grew by 10%, lifting turnover to £27M, with profits of £2.3M. It is now more profitable than Telegraph Media Group, which made a pre-tax profit of £900,000 in 2018. The Guardian reported last year that it had returned to profitability after a period of losses, making an operating profit of £800,000.

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PittisThe GuardianJohn PatonIndependent Digital NewsTelegraph Media Group
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