This is an interesting article by Owen Gibson at The Guardian as it writes that media magnate Rupert Murdoch "keeps Times afloat as losses mount." According to this article "The extent to which News Corporation mogul Rupert Murdoch is prepared to subsidise the Times and the Sunday Times became clear today when the newspapers revealed that losses almost doubled last year to £28.65m. Although turnover rose slightly to £3.8bn at the division, which publishes the Times and the Sunday Times, the company lost more than £12m more than the previous year when losses after tax amounted to £16.3m."

Source: The Guardian