MEDIA

Racing Times Folds: Racing Times, launched 10 months ago by Robert Maxwell to “smash the monopoly” of the Daily Racing Form, is shutting down and selling part of its assets to its rival. The demise of the daily horse-racing newspaper was caused by financial losses and the shake-up of Maxwell’s publishing empire after his death last November. An unsuccessful effort was made to sell the paper, according to its owner, Mirror Group. Racing Times Editor Steven Crist said last week that circulation was hovering between 10,000 and 15,000 copies a day, less than a tenth of the Daily Racing Form’s circulation.