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."
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