From the pandemic and the war in Ukraine to the Westminster partygate saga, newspapers are benefiting from a financially lucrative news boom. However, is the news industry enjoying a one-off blip in the battle for survival against big tech, or is this proof that publishers have finally forged commercial models fit for the new media age?
In a sign of the shifting fortunes amid unprecedented news events, Rupert Murdoch’s Times and Sunday Times last week reported a doubling of operating profits to their highest level since 1990 and the Sun, a one-time cash cow turned high-profile casualty of the digital age, is within £1m of returning to operating profit for the first time in a decade.
