Telegraph Media Group has reported a pre-tax loss of £15.7 million for 2008, following a £9.9 million profit in 2007.
Operating profit at TMG fell 6.7% in the year ending 28 December 2008, from £34.3 million to £32 million.
Turnover was down 3% to £343.4 million for the period, despite falling advertising revenues across the media sector.
Revenue at the Telegraph and Sunday Telegraph owner was £343.4 million, down 3.2% from £354.9 million in 2007.
TMG said: “Advertising conditions are expected to remain extremely tough although we expect better resilience from our circulation revenues.”
