10:23 AM EST - FP Newspapers Inc. : announced financial results for the quarter ended December 30, 2011. FPI is the successor to the business of the Fund and owns securities entitling it to 49% of the distributable cash of FP Canadian Newspapers Limited Partnership ("FPLP"). FPLP's revenue was $29.9 million, an increase of $1.7 million from the fourth quarter last year. Excluding revenue of Derksen Printers, which was acquired in February 2011, revenues were higher by $0.1 million or 0.3% compared to the same quarter last year. Print advertising revenues excluding the Derksen business were lower by $0.1 million or 0.6% primarily due to lower display and classified revenues. FP Newspapers Inc.
shares T.FP are trading up $0.39 at $5.64.
