Trinity Set To Dispose Of US Interests

Regional newspaper publisher Trinity is poised to sell its US operations after posting a healthy rise in profits.

The group said it was at an advanced stage of negotiations to sell the businesses – involved with printing and publishing – to a consortium including management. Following the sale, Trinity will no longer have any operations in the US.

In the 26 weeks to 28 June Trinity made a pre-tax profit of £36.2 million on £174.3 million turnover. This compares with £32 million on £159.7 million in the equivalent period last year. Advertising and circulation revenues both grew. UK ad revenue was up 10.7%, driven by situations vacant, local display and property, with the underlying increase of 8.6%.

“We have had a good first half year with strong advertising growth and an encouraging circulation performance across the group, which shows the benefit of the investment in our newspapers,” said Trinity’s chief executive, Philip Graf.

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