![]() ![]() ![]() However, revenues rose 12pc to a record £46.3m, marking the sixth year of profitable growth since the newspaper went digital-only.ĭespite the fall in page views, the digital title also hit the milestone of five million registered readers. The Independent shut down its print edition in 2016 and shifted to an online and app-only model. Its pre-tax profits tumbled by two thirds from £5.5m to just £1.9m in the year to October 2022.īosses blamed this on higher investment in its international expansion, as well as its reporting and documentary production from Ukraine. This was partially offset by the Russia-Ukraine war, Queen Elizabeth II’s Jubilee and her death. In the UK, monthly article views dropped by 4.4pc owing to declining interest in topics such as Covid, Brexit and Boris Johnson. It also blamed the declining audience on a slower US news cycle after attracting more readers the previous year thanks to coverage of Donald Trump, the US election, the Capital riots and Black Lives Matter. In its latest accounts, the Independent said Facebook’s decision last summer to de-prioritise posts from publishers had a “detrimental impact on article views”. The Left-leaning title, which is part-owned by Lord Lebedev, suffered a 6pc fall in global page views last year. ![]() The Independent has blamed changes to Facebook’s news feed for a drop in readership as it reported a sharp fall in profits. ![]()
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