DMGT profits fall in past quarter

Daily Mail and General Trust has reported that its regional Northcliffe division’s ad revenue fell by 10 per cent year-on-year in the quarter to 2 July, with circulation revenue also down by eight per cent.

The past three months were an improvement on the first quarter of 2011, however, when Northcliffe reported a 12 per cent drop.

The announced figures come on the back of news that Northcliffe plans to sell seven weekly newspapers in Kent to the Kent Messenger Group. The Office of Fair Trading will decide whether the deal can go through or not in the next 40 days.

DMGT’S national division, Associated Newspapers, also saw revenue fall in the last quarter, by six per cent to £207m, while circulation income slipped by three per cent. However, the Daily Mail and Mail on Sunday both improved their market share.

(Source: Press Gazette)

Comments

comments

 

“Before we all sink into a slough of digital dystopian despair, it might be worth considering this: is this a sign of the strength, not weakness, of revelatory journalism in the digital age?”


Charlie Beckett, director of POLIS at the London School of Economics, reacts to news that the UK government forced the Guardian into destroying hard drives that contained information leaked by Edward Snowden.


(Source: POLIS)

 

Subscribe to Media Digest via Email

Enter your email address to subscribe to Media Digest and receive notifications of new stories by email.

Latest Media Industry News, Independent News and Media, UK