Media giant TPC makes $16 million
The Trinidad Publishing Company is still profitable despite the tough times.It still gets its fair share of the advertising dollar.
The Trinidad Publishing Company might have slipped as a media giant in that the Trinidad Guardian is back at the pack in the dailies, the five radio stations are behind in the ratings and CNC3 Television lags way behind TV6; but the company is still making money.
The company earned a profit before tax of some $16.8 million for the first half of 2009, which represents a 26 decline over its 2008 performance when it earned $22.7 million.
Chairman Dennis Gurley believes that “based on the significant investments over the past two years, your company is well poised to capitalise on the emerging market opportunities”.
Despite falling circulation sales, the Guardian remains the group’s flagship company. CNC3 is reportedly in the red and the radio stations,two of which cater for the Indian market, are struggling in a market of 36 radio stations