Rupert Murdoch’s Times newspaper group substantially increased its profits last year, thanks to cuts to its editorial and marketing budgets and a decline in the cost of printing its titles.
Times Newspapers Limited, which operates The Times and The Sunday Times, reported an operating profit of £21m for the year ending June 2015, up from £1.7m in 2014. Previously, the company had suffered a run of losses covering every year since 2002.
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