Times Newspapers posts £1.7m profit, behind the paywall

Times Newspapers (TNL) has posted a £1.7m operating profit for the year ending 30 June 2014, its first profitable year since 2001.
TNL, part of Rupert Murdoch’s News Corp, says the growth in total paid sales has meant that both titles are less dependent on advertising, with paid sales representing 51% of TNL’s revenue, compared to 44% coming from ads. The company believes the figures confirm that its paid-for strategy is helping to secure a sustainable future for the papers. 
People who pay £6 a week for seven-day print or digital membership packages have been lured in part by News UK’s acquisition of sports rights to show clips of Premier League football, Premiership rugby and cricket highlights.

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