By Daniel Hunter

Times Newspapers have reported a profit for the first time since 2001 as the announced operating profits of £1.7 million on Tuesday.

Last year the group, which belongs to Rupert Murdoch's News Corp, recorded losses of almost £6 million. This number was significantly lower than the original £70 million figure thanks to the introduction of a pay wall.

“We have invested a huge amount of time and energy into putting the Times on a sustainable footing, which is the best way to ensure we can continue to produce world-class journalism," Times editor John Witherow said.

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