An Independent News and Media group financial report for the year to 31 December 2004 and filed this week at Companies House showed exceptional product development costs of 6.1m in 2004 and 6.3m in 2003.
The newspaper, printed by Trinity Mirror's plants in Watford, Oldham and Saltire, downsized to the tabloid format in September 2003, before dropping the broadsheet edition in May 2004.
The combined 12.4m cost of the exercise has boosted circulation by around 50,000 since the tabloid launch, to a figure of 267,037 in October.
In comparison, The Guardian spent 100m on its Berliner launch this year, for a circulation uplift of around 60,000 to 403,297 in October.
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"Well done all involved... great to see the investment to increase the productivity in the same footprint- much more sustainable than popping another one up."
"From 1949 until the late 2000s Remploy had a network of government-subsidised factories that offered employment specifically to disabled people, originally often war veterans or victims of industrial..."
"Does appear an odd decision as with that level of shareholder funds they would be liable for the staff redundancy and cover the insolvency costs. It’s not like they could take the money and dodge..."
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