Nationals still 'generating cash' despite downturn

National newspapers are still good cash generators despite falling sales, former Guardian editor Peter Preston said today. Speaking on BBC Radio 4's Media Show, Preston admitted that newspapers, like the rest of industry, were having tough times in the economic downturn. But he added national newspapers were making good profits and were still "good cash generating" businesses. He agreed that "three or four" national titles could fold over the next few years but claimed there had always been newspapers opening and closing in the sector.