Magazine publisher ShortList Media reports losses of almost £1m

Magazine publisher ShortList Media has reported a loss of almost £1m in its most recent annual accounts after being hit by the “tough” launch of Stylist in France and investing in fashion site Never Underdressed.

The publisher, which has investors including Beano and Friends Reunited owner DC Thomson, made a loss of £994,355 in the year to 31 August 2013.

The strong performance of flagship titles ShortList and Stylist UK fuelled a 21% jump in revenues to £21.6m and digital income grew by 111%, according to the latest financial figures filed at Companies House on Friday.

For the full story read The Guardian