Newsquest's Glasgow division is expected to annouce reduced profits for 2006

Newsquest’s Glasgow Division, publisher of the Herald, Sunday Herald and Glasgow Evening Times, is expected to report operating profits of £22.9 million for last year – down £1.5 million on 2005.

The published accounts are not available through Companies House until 31 October but the Evening Times and the Johnston Press-owned Scotsman today reported that they show an after tax profit of £17.6 million. Some £15.6 million of this has been paid to American publishing giant Gannett, Newsquest’s parent company.

More from the Press Gazette