London Live “Progressing Well” After £11.6 Million Loss

Compare and contrast this morning’s cheery statement from London Live chief operating officer Tim Kirkman…

“We are pleased with the numbers and London Live is now progressing well. When we started in the space we had no idea how it was going to work in practice. We have adapted quickly and have made it work for us and are now progressing well.”

… With their somewhat less chirpy financial figures, released today:

  • operating loss of £11.6m in the 12 months to the end of September 2014
  • excluding exceptional start-up costs, loss of £10m

The official line is “we planned to lose money, we will again this year, and next year too”.

“F**k it, just stick on another episode of Coupling…”




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Quote of the Day

Iain Dale reviews the Sunday politics shows…

“Just watched Marr Show. Fantastic work from Emma Barnett. Showed no sign of nerves at all and did a brilliant job of questioning the politicians, in a way they may not have been expecting. It worked. A great contrast to the indulgent, Remainer wankfest on Peston On Sunday today.”

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