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Evening Standard reports £17m loss as Covid hits London commuting

Freesheet’s revenues fall by 31% for the 12 months to 27 September

The Evening Standard has reported a loss of £17m for last year as the coronavirus crisis kept its main readership of commuters and central London workers at home during the pandemic.

Revenues for the London freesheet, which has run up losses of more than £40m in the past three years, plunged by 31% from £64m to £44m for the 12 months to 27 September as advertisers froze budgets and readership plummeted.

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Read the original article at The Guardian

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