© Uganda Business NewsNew Vision Printing and Publishing Company, the government-controlled media group, sounded the alarm on profits on Thursday, blaming a drop in newspaper sales and advertising revenue, as well as higher operational costs. The group attributed the increase in revenue to a rise in commercial printing sales and advertising revenue, as well as a new revenue stream from merchandise trading. In the year to June 2024, the company reported an 8.3 per cent drop in revenue driven by declines in publishing sales, advertising, and newspaper circulation. Advertising generated 58.9 per cent of total revenue, while commercial printing sales accounted for 24.5 per cent and advertising for 13.2 per cent. New Vision reported its largest ever full-year loss in the 12 months to June 2024.