Daily Mail & General Trust has reported year on year revenue growth of 5% for the third quarter to June 30.
Advertising revenues at Associated Newspapers and its Associated Northcliffe Digital section fell by 3% year on year.
Advertising revenues from Associated’s newspaper business were down by 5%, with display falling 5% and classified down 9%.
In an interim management statement, Viscount Rothermere, DMGT chairman, said: “”Despite the current weakness in economic conditions, our business to business divisions are continuing to perform well.
“Inevitably, the well-publicised deterioration in the UK economy since we last reported in May is having an impact on our newspaper businesses there.
“However, our strategy of creating a diversified international portfolio of market-leading operations across both business and consumer products provides considerable resilience and leaves us well positioned to deliver long-term growth.”
Related Links
