Tuesday, 28 September 2010

Northcliffe Media shows revenues down by 6%

Northcliffe Media's total revenues for the eleven month period to the end of August 2010 were 6% lower with advertising revenues down 7% and circulation revenues down 6% compared to last year, according to an Trading Update from the Daily Mail and General Trust.

The Update says: "For the quarter to September so far, advertising revenues are down 5% due principally to weakness in our East Midland titles and the widely anticipated effects of reduced public sector advertising spend."

According to the summary for DMGT as a whole: "Underlying revenue up 2% on last year, down 7% on a reported basis. Trading remains robust, with underlying growth from both B2B and consumer media businesses. Strong margin and profit growth, driven by positive revenue trends and effective cost control."

No comments: