Racing Post gallops to profit

Racing Post, the newspaper which provides tips for racing and sports betting, expects its bottom line to rebound to pre-recession levels in 2009 thanks to a push to improve its online business through subscriptions. In accounts to be filed this month Racing Post will announce turnover of £50m for last year, but ebitda is expected to fall 10 per cent to £15.6m. Chief executive Alan Byrne is eyeing the World Cup as a driver of readership this year.