Dan Sabbagh of The Times of London reports that The Economist reported a 23 percent increase in profits in 2007 on higher advertising numbers.
Sabbagh writes, “Revenues at the Economist Group, which produces the upmarket weekly magazine, rose 8 per cent to £266.4 million as the flagship title showed no signs of falling victim to the media downturn that has put other publishers under pressure.
“Print advertising revenues for The Economist newspaper were ahead by 16 per cent in the US, while global circulation improved by 9 per cent to 1.3 million, and the company wants to expand the title in India and the rest of Asia.
“Group margins improved from 15 per cent to 17 per cent.”
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