Publisher's Profit Falling

Since 1961 the net profit of ; the Wellington Publishing Company (publishers of the Dominion and Sunday Times) has fallen from $244,076 to $127,948 ; in 1967. The earning rate on shareholders funds has fallen from 14.4 per cent in 1961 to 5.9 per cent in 1967.

The Dominion, like other newspapers has suffered a drop in advertising because of Television. The next commercial sttion, which will probably be privately owned, will further slash the Dominion's advertising.

Recent reports indicate that the Dominion's circulation has declined again.

In May this year the directors reported that results for the 1st half of the current year are down on those for the corresponding period last year.