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Trinity Mirror sees continuing improvement and surprising resilience in its regional division |
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Friday, 14 December 2007 |
Trinity Mirror yesterday issued a trading update ahead of its close period for the 52 weeks ending 30 December 2007. Advertising, digital and circulation revenue from the regionals division all showed an increase year on year after a period of decline.
The statement cautioned the City though the proviso that: Month on month volatility remains and we expect this to continue in 2008.”
The regionals division saw advertising revenues for the five months to November increasing by 0.6% which compared to a decline of 1 % for the first half resulting in an overall decline of 0.3% for the 11 months to November.
Display revenue was up 4.6%, property up 2.8% and other classified categories experienced 1.3% growth. Recruitment revenue was down by a surprisingly low decline of just 1% although classified motors revenue was down more significantly by 13.8%.
Group circulation revenues for the five months to November grew by 0.7% - nationals by 0.9% and regionals by 0.2%.
Group digital revenues for the five months to November grew by 33.3%: 27% for the regionals division and 98.5% for the nationals.
Separately from the Post and Echo, Trinity also runs a number of central operations for the regionals division out of Liverpool and Chester.
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