Trinity posts a 10% drop in ad sales

Trinity Mirror suffered a 10% drop in advertising sales during the first four months of the year amid difficult trading conditions.

Trinity said the trading environment remains challenging under the new government with tax increases and spending cuts.

In a statement, the company said: “These factors continue to adversely impact the key drivers of our business, such as consumer confidence, unemployment and the property market and are contributing to revenue declines.”

In March, Trinity Mirror reported a 17% rise in full-year operating profit.

Read the full Reuters article here.