Financial Times FT.com

Growth at The Economist bucks magazine trend

By Andrew Edgecliffe-Johnson in New York

Published: June 23 2009 03:00 | Last updated: June 23 2009 03:00

The Economist extended its run of growth in the year to March 31, but warned that it expected lower advertising and sponsorship revenues for the year to come.

The publisher, which is half-owned by the Financial Times, part of Pearson, bucked the trend of steep declines seen by most magazine owners with a 26 per cent increase in operating profit to £56m. Turnover rose 17 per cent to £313m and pre-tax profits were also £56m, up 18 per cent on 2008.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this