Revenues at regional publisher Northcliffe Media were down 4pc to £66m for the last three months, it has emerged.
An interim management statement has been published today for the third quarter of the financial year to 4 July by its parent company DMGT.
It shows Northcliffe’s total revenues had a 4pc decline, similar to the previous quarter.
The statement said advertising revenue was down 4pc compared to last year, with the retail and recruitment categories both 6pc lower.
But property revenues were up 9pc from 2009 and digital revenues were up by 10pc – driven by strong property and motors revenues.
It adds circulation revenues fell by 5pc compared to last year.
DMGT as a whole had revenues for the third quarter at £508m, down 2pc on last year but up 6pc on an underlying basis, while total advertising revenues at Associated Newspapers were up 13pc year-on-year.
Chief executive Martin Morgan said: “Trading in the third quarter has continued to reflect the generally positive trends in our international B2B and UK consumer media businesses, although we remain wary about the medium term outlook, particularly in the UK.
“Our significant exposure to non-UK markets leaves us well positioned to continue to deliver profitable organic growth over the longer-term.”
Observing (27/07/2010 13:45:11)
The irony that this story sites immediately above one about Northcliffe ditching Lasting Tribute will not be lost on people!
Paul (27/07/2010 14:56:32)
Cunningly doesn’t mention any profit margins.