The sale of the regional publisher to the David Montgomery-led consortium was completed at the end of last year.
Figures published by its former parent company DMGT showed that in the three-month period up to 30 December, its revenues fell 8pc year-on-year.
The underlying figure, which discounts the impact of newspaper closures and other structural changes, saw revenues fall 5pc.
Today’s interim management statement shows that circulation revenues at Northcliffe were down 4pc in the period and advertising revenues down 9pc.
It also reveals that DMGT has rebranded its former national newspaper division, Associated Newspapers, as DMG Media.
DMGT sold Northcliffe to Local World for £52.5m plus a 38.7pc stake in the new company.