Darcey optimistic that News UK titles are on course to become profitable

NewsUK1The chief executive of News UK has said he is “optimistic” that the Times and Sunday Times are on course to become profitable – and has described the papers’ previous strategy of free online content as a “small wobble” in its 230-year history.

Speaking at the Digital Media Strategies Conference in London this morning, Mike Darcey said the business “has turned around” since the papers abandoned free online content in 2010 and noted that trading losses at Times Newspapers Limited had fallen to £6m in the past year.

He said: “When we first announced the changes to The Times, it was widely believed it would harm rather than help our titles. Yet according to a recent report by Enders, this approach is now regarded as a sensible way ahead for the industry.

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