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End of year trading shows Northcliffe ‘performing well’

The latest trading statement from the owners of Northcliffe Newspapers shows the regional newspaper group continuing to perform well.

Circulation revenues for the 11 months to August were two per cent ahead of the same period last year.

Advertising revenues for the 11 months to August were 5.8 per cent ahead of the same period last year, with continued strong performances from recruitment and property.

And circulation figures for January to June 2004 show a decline of 1.9 per cent on morning titles and of 4.2 per cent for evening titles, partly due to the reduction in bulk sales to comply with revised ABC rules. The performance of daily titles continues to be better than the regional newspaper industry average.

Finance director Peter Williams said in a report to the City ahead of the Daily Mail General Trust year end: “In summary, the group expects to report a good trading performance for the full year in line with market expectations as a result of a continued improved contribution from its newer businesses and organic growth from all divisions.”

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©NEP 2004