Neil wrote on X/Twitter: “During [the past 20 years] we have transformed the oldest magazine in the world, established in the age of the quill pen, into one of the most successful publications of the digital age, growing revenues rapidly across all digital platforms while still maintaining a very healthy print circulation.”
He said he was “proud” of the people behind the magazine, which “has never been more profitable, its reach never wider, at home and abroad”. Neil added that his proudest recollection of his time in charge is that he did not “preside over a single compulsory redundancy in 20 years”, during an era of cost-cutting in the legacy print media.
Explaining the “purgatory” of the last 16 months – after the Barclay family put the magazine up for sale – Neil said: “Suddenly and without warning we were placed in receivership, because our then proprietors had used us as collateral for massive debts unrelated to us (without ever telling us). They then failed to pay these debts.”
Denne historien er fra September 11, 2024-utgaven av The Independent.
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Denne historien er fra September 11, 2024-utgaven av The Independent.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Old-school Dubois set on inheriting Taylor's throne
Caroline Dubois is unbeaten in 10 fights, has barely lost a round, she is the world champion, and nobody wants to fight her.
Forest canter past Wolves to continue unbeaten run
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London exchange exodus is a sign of US dominance
Last year saw the biggest outflow of companies from the London Stock Exchange since the global financial crisis. According to accountants EY, 88 companies, including Paddy Power owner Flutter, travel group Tui and Just Eat, abandoned the London market for US and European exchanges.
New blow as retailers warn of price hikes and job cuts
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Drill, baby, drill': Big Oil is coming after electric vehicles
Have you ever gone back over your new year's resolutions from years ago and just thought, \"What was I thinking?\" Over the last year, it seems that Europe's biggest oil corporations did just that.