The deal, which was completed on 13 November last month, created the UK’s largest regional newspaper publisher, with a print and online presence in most of the country’s biggest population centres.
In a trading update today, the company says the business has traded in line with expectations since the purchase, and revealed that “numerous integration initiatives” had been commenced.
However like-for-like revenues for the final quarter of the year, excluding the LW titles, are expected to be 9pc down on those of last year.
According to the update, while digital revenues are up 12pc, print publishing revenue is expected to fall by 8pc in the final quarter.
Print circulation revenue is down 4pc compared with the final quarter of 2014, while advertising revenue is down 16pc.
Circulation revenue trends are “marginally better” than the third quarter, according to the update, while advertising revenue trends in-line with the third quarter.
The group says it is also on course to deliver its target of £20m cost savings for the year.
Says the update: “We are making good progress against our strategic initiatives and the business continues to deliver strong cash flows and will deliver the targeted structural cost savings of £20 million for the year.
“The group completed the acquisition of Local World Holdings Limited on 13 November 2015 and since that time the business has traded in-line with our expectations. We have commenced numerous integration initiatives, but given the short period over which Local World has been under our ownership, this update focuses on the trading performance for the group excluding Local World.”