Sunday Tribune bled €54,000 a week in 2007

THE Sunday Tribune increased its losses in 2007 — losing more than €54,000 a week.

Newly filed accounts for the paper, which is part-owned by Independent News and Media (INM) show losses in 2007 increased to €2.8 million from €2.6m in 2006.

INM& owns 29.9% of the paper, making it the second-largest shareholder behind chairman Gordon Colleary. Significant stakes are also held by Glen Dimplex, founder Martin Naughton and Mondello Park owner Martin Birrane. Turnover in 2007 dropped to €11.4m from €11.7m in 2006. Operating losses for the year increased from €642,000 to €806,000.