A newspaper office which houses two daily newspapers and their companion website has been sold for £7.8m.
It originally moved to the six-storey purpose-built office block in 2008 but, following staff cutbacks, will now occupy only one floor as a tenant.
The sale was announced in a trading update which revealed group revenue was expected to fall by 8pc year-on-year in the final quarter of 2016, following a 9pc fall in the third quarter.
Publishing revenue is expected to fall by 8pc in the final quarter, with an 8pc rise in digital revenues offset by a 10pc drop in print publishing revenue.
Circulation revenues were down by just 5pc, but print advertising revenues are expected to fall by 17pc.
Said the update: “We continue to make good progress against our strategic initiatives whilst supporting profits and delivering strong cash flows.
“The Board is confident that performance for the year will be marginally ahead of expectations, with net debt falling to around £35 million by the year end, significantly better than expectations.”