Caledonian Publishing, the newspaper group which Scottish Media Group bought last October, boosted pre-tax profits at SMG by 80% to £18.5m. Turnover during the six months to 30 June increased 68% to 87.9m.
Sales at Caledonian were increased by over 14% though there was a slight drop in circulation revenue, which reflected “the underlying trends in evening newspaper sales generally.” Ad revenue at STV grew by 5% and market share of ITV revenue improved to 5.02%.
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