Times: Independent titles heading for big losses this year

The Independent titles will lose between £14 million and double that this year, according to the Mediapolis column in The Times today.

It also reports that the The Belfast Telegraph and the Independent titles made an operating profit of £4.3m in 2007, according to accounts released yestertday.

This all follows reports earlier in the week that the Independent titles could be sold to DMGT for £1 and that they are proposing to merge back office functions – including sub-editing – with another newspaper publisher.

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