TPC has good year
People are not reading the Guardian but it pulls in the advertising. The Guardian’s sister companies are also making money. They all happen to be part of the Ansa McAl business empire.
The Trinidad Publishing Company made not be doing well in the media stakes but it keeps making money- some $26.7 million, before tax, for the first nine months of 2009. Last year, for the corresponding period, the figure was $35.5 million.
The company, of course, is part of the Ansa McAl conglomerate.
Therefore, the Guardian being way down in the daily newspaper circulation stakes- a mere 13 per cent- and CNC 3 and the radio stations also not doing that well are not major issues when it comes to advertising support, the media’s life blood.
Chairman Dennis Gurley keeps complaining about investment in new press and television equipment resulting in increased operating cost. That is only one side of the story: he should find out why fewer and fewer people are buying or reading the Guardian; the reason for the radio stations being walloped by its competitors and CNC3 being miles behind TV6 in the ratings.