Cuts pay off for Archant

Regional media group Archant has reported an operating profit of £7m, up £2m on last year, reports Press Gazette.

But turnover was down 0.9 per cent to £70.1m for the year to 3 July, and advertising revenue in fell 4.1 per cent in its regional press business.

Archant said that property was the only growing advertising category, up 9.3 per cent, but managed to increase overall profits by cutting operating costs by 4.1 per cent.

Archant publishes publishes a range of regional newspapers and specialist magazines. Its chairman, Richard Jewson, used the announcement to take a swipe at government cuts, which have “already damaged business sentiment”.

(Source: Press Gazette)

This article appears in issue 247 of Media Digest.




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(Source: POLIS)


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