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Regional press revenues steady for Trinity Mirror

Trinity Mirror is experiencing growth in its advertising and circulation revenues, albeit a gradual improvement, the company has announced.

Ad revenues for the regionals division remained flat for the 10 months to October, compared to a decline of one per cent for the first half of the year.

Circulation revenues increased by 0.6 per cent for the regionals and 0.9 per cent for the nationals.

Group finance director Vijay Vaghela told delegates to the Morgan Stanley TMT Conference in Barcelona yesterday that the figures were in line with the group’s interim results statement earlier this year.

He said: “Whilst the advertising environment remains volatile month on month we are encouraged by the trends that are emerging. The board is confident that our 2007 performance will be in line with our expectations.

“The development of our strategic goal, to build a growing multi-platform media business, is progressing via the launch of new products and services, acquisitions and the implementation of improved technology platforms.”

The company will next update the market in its pre-close trading update in December.