The catch, as always, is the low base: £250m, or $400 million, is not a big number, given that the US print circulation revenue alone is about $10 billion.

The growth rate is just okay, considering, and “rocketing” is decidedly the wrong word.

—It figures that just when I got my new (ahem) iPhone 5 it would be time to break up with Apple.


Dean Starkman writes and edits The Audit. He is CJR's Kingsford Capital Fellow.