"CityAM, the London financial free-sheet, made its first profit in the six months to March, raising expectations of an eventual sale of the title. The company behind the weekday earned £47,000 in the period before interest and tax on advertising revenues of £3.5m. Jens Torpe, the City AM publisher, said that he hoped to expand and improve profits before considering a sale. 'We're hoping to progress further,' he said. 'On the figures we think we can achieve, we will be much more valuable in the next two to three years'." - The Times, June 10, 2008.