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Publisher reveals fresh expansion plans after buying 10 new titles

David MontgomeryA regional publisher has revealed plans to buy more titles just weeks after taking on 10 new publications.

National World has set out its stall for expansion in a trading update issued this morning, announcing it is looking at “further potential value-creating acquisitions” following the purchases of the Rotherham Advertiser and Insider Media earlier this month.

In the update, the company also proposed issuing its maiden dividend to shareholders despite a 5pc year-on-year decline in revenue.

National World revealed the Advertiser is now its highest circulation weekly newspaper, helping to reduce a print revenue decline of 13pc in the first quarter to a 3pc decline in April and May.

The company said it is now planning to integrate the recent acquisitions into its existing business units which “will deliver the required operating cost savings from June onwards”.

The update predicted an expected year-on-year digital revenue increase of 7pc for the period, while stating video revenues have more than doubled compared to the same period last year due to a 15pc increase in video views.

Overall audience for the period increased by 20pc year-on-year with page views reaching a peak of 167 million in the January football transfer window.

National World chairman David Montgomery, pictured, said: “We have continued to reposition the business towards our new, digital-only operating model – meaning full automation of all content resourcing and production processes across all platforms, including print.

“We already lead the local publishing sector in video exploitation and are in the process of relaunching the majority of our brands deploying the new model.

“Our five recent acquisitions focus on original content serving key communities, by sector and locality, and expected to add further acquisitions in the coming months.

“These acquisitions, combined with the accelerated implementation of the new operating model, we expect to compensate for the recent downturn in advertising sales impacting the sector.”