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It looks like the Formula Money owner is speculating. Agreed it is based on that distribution but this may become a self fulfilling prophecy, thereby putting a number of people out of work!
He's ignoring Autosport International, which must be a good profit centre. Likewise the web subscriptions must also support the business. The paper copy is for weekly ad hoc sales and I don't know about anyone on here, but if I go to get a copy on a Saturday there is usually none to be had.
He's also probably in the pay of someone with an interest in the market.
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