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SBD Global/August 16, 2012/Olympics
Olympic Notes: Royal Mail Under Growing Pressure
Published August 16, 2012
UNEMPLOYMENT FALLS: The number of Britons out of work "has fallen to its lowest level in almost a year," with the decline partly due to "jobs created by the London Olympics as well as an increase in self- and part-time employment." The number of people out of work in London fell by 42,000, suggesting "some of the improvement in the labour market was due to the Olympic Games" (GUARDIAN, 8/15).
GOING, GOING, GONE: U.K. magazine Radio Times sold more than 1 million copies of its Olympics issue, including 30% more than usual through retailers, making the publisher more than £2M ($3.1M) in revenue. Radio Times publisher Exponent's "gamble on Olympic fever paid off" with an extra 185,000 copies sold (GUARDIAN, 8/15).