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We live and work in exciting times - revolutionary times. Technology continues to recast the media industry.

The extraordinary advance of affordable personal digital technology and the stellar rise of social networks are both distrupting and transforming the media market making this a unique moment to be involved in the convergence sectors we focus on.

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Friday, 18 April 2008

Expensive business

Free London afternoon paper thelondondon (News International) lost nearly £17m (€22m) in the first ten months (September 2006 - June 2007). Turnover in that period was £8m.

Launching costs and slow start for ad sales are held responsible for the loss.

Thelondonpaper has a staff of 52 people, 33 working in editorial positions. Circulation is around 500,000. (Guardian)

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