1211 AVENUE OF THE AMERICAS • NEW YORK, NEW YORK 10036 • newscorp.com
News Corporation makes major investment in UK newspapers
London, 12 October, 2004 – News Corporation today announced a significant
investment in News International Limited, with the expenditure over the next
four to five years of more than £600million on new printing plants.
News International, which publishes The Sun, the News of the World, The
Times, The Sunday Times and the TSL Education supplements, will acquire
state-of-the-art full-colour printing presses and build new production plants in
Enfield, north of London, Glasgow, and Knowsley, close to Liverpool.
Rupert Murdoch, chairman and chief executive of News Corporation, said:
“News International is Britain’s leading national newspaper publisher,
producing some of the greatest newspapers in the world. At News
Corporation we have always been a long-term investor at the forefront of
technological innovation. This exciting new project demonstrates again our
absolute commitment to the future of print.”
Les Hinton, executive chairman of News International, said: “This will ensure
News International maintains its leading position in the national newspaper
industry. The new presses will provide colour on every page, bringing
advantages to both advertisers and editorial.
“This is a long-range project taking more than four years to complete. Over
this period inevitably there will be job changes and losses as the new
automated technology comes on line. There will be no impact on jobs for at
least two years and, wherever possible, reductions will be achieved through
“When this project is complete our newspapers will be unsurpassed in the
quality of their printing and the speed and efficiency with which we produce
/Cont…
- Forums
- ASX - By Stock
- looks wow
looks wow
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online