Profitability Uncertain, Free Dailies Multiply

august 1, 2005  04:26 pm
The most widely read papers in Paris, Manhattan, London and Toronto are free dailies. According to this article by Zachary M. Seward on, these papers "have rapidly claimed a firm stake of the [newspaper] market," posting strong circulation gains fueled, in part, by a younger audience that would not pay for a newspaper. But do the freebies make money? Seward writes: "Most media companies won't say, but there are good and bad signs."