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Time Out pivots to hospitality as losses widen

Now digital-only, the publisher is trying to establish a firm foothold in new business areas
November 8, 2023
  • Media division reliant on ad spend
  • Costly closure of market locations

Time Out Group (TMO), the media and hospitality company, saw pre-tax losses widen in the year to the end of June as exceptional costs connected to site closures stacked up. 

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