The Independent has axed its weekly Business Review section as
plummeting ad revenues continue to hit national papers hard.
The section, which contained news, analyses and features on financial
markets, a corporate profile and an investment page, made its last
showing last Wednesday.
It carried a single page of recruitment advertising, half a page of
display advertising and an advertorial.
Parent company Independent News & Media (INM) announced its intention to
cut its flagship title's costs in September after posting a fall in
first-half profits. At the same time, INM said The Independent and its
Sunday sister paper would not break even this year as forecast, blaming
poor ad revenues.
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