Daily Mail and General Trust has recorded a five per cent increase in ad revenue in its national newspaper division in the past three months to 2 January, but its regional division continues to cut staff in the face of falling revenues.
Overall income was up over the first quarter by three per cent, to £497 million, helped by an 11 per cent boost in digital revenues.
Total revenues at Associated Newspapers, which runs the Daily Mail and Mail on Sunday, rose by 1 per cent to £211m. On an underlying basis this represents a 6 per cent rise year-on-year.
The regional arm, Northcliffe Media, which owns 100 titles, saw underlying revenues fall six per cent to £59m despite reducing staff by 265.
DMGT chief executive Martin Morgan said the company will “remain cautious about the medium-term outlook”, given the economic state of the country.
“Our focus will remain on investment to drive organic growth, while continuing to seek to improve operational efficiency and to reduce debt,” he said.