after newsletter promotion<\/p>\n<\/figure>\n

At London Live, the capital-focused TV station that is also Lebedev-owned, profits plunged by 75% because of the loss of an unnamed key customer. Pre-tax profits fell to \u00a3746,000 in the year to 30 September 2023, compared with \u00a32.99m in 2022. Revenues almost halved from \u00a37.2m to \u00a34.1m.<\/p>\n

\u201cThe company\u2019s historical profitability was dependent on a key custom relationship which expired at the end of 2022,\u201d the company said. \u201cTherefore, there is a material uncertainty which may cast significant doubt on the company\u2019s ability to remain a going concern. It is anticipated that in the event that further funding is required, the major shareholder will continue to financially support the company.\u201d<\/p>\n

London Live said that as at the end of September last year, it had net liabilities of \u00a31.78m.<\/p>\n<\/div>\n

Source: www.theguardian.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Losses at the Evening Standard have topped more than \u00a3100m, highlighting the financial pressure on the title, which last month stopped daily publishing in the capital after almost 200 years. The Evening Standard, which has rebranded as the London Standard in a move to become a digital-first publication supported by a weekly print edition, reported…<\/p>\n","protected":false},"author":2,"featured_media":93172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-93171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\n