NEWSPAPER PROFITS.
When allowance is made for the general effect of trade depression upon newspaper profits, the statement which Lord Camrose was able to make at the recent meeting of Allied Newspapers must be regarded as satisfactory, the profit for the year of £650,000 comparing with £682,000 in the previous year. The company, in common with other newspaper undertakings, has had to withstand severe com- petition and has evidently withstood it very well, while financial advertisements must inevitably have declined for the moment as the result of the general condition of the Stock Markets. Lord Camrose showed that the activities of his group in the Provinces were as great as ever and his report as to circulation must also have been satisfactory to the shareholders. Towards the end of his speech he stated that as a result of an arrangement just reached with Northcliffe Newspapers, Limited, that company had agreed not to start newspapers in Cardiff, Sheffield and Aberdeen There is apparently to be some limit to the competition. * *
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