DMGT reports falling ad revenues are continuing into July

LONDON - Daily Mail & General Trust, the owner of the Daily Mail, has reported falling ad revenue across its newspaper divisions and has said the downward trend is continuing.

DMGT reports falling ad revenues are continuing into July
DMGT reports falling ad revenues are continuing into July

Associated Newspapers total revenue, which houses titles such as The Daily Mail, Metro and Evening Standard, nudged up 0.4% to £243 million, but ad revenue at Associated's press operations fell by 5%, with display down by 5% and classified down 9%, and, according to the interim report, these trends have "broadly continued into July".

DMGT reported a 5% year-on-year rise in total third quarter revenue, bolstered by the performance of its international business divisions, which helped counteract falling ad revenues across its newspaper divisions.

Circulation revenues, which make up nearly half of Associated's revenues, were 4% higher than the same period last year.

The company's regional newspaper division, Northcliffe, saw its total revenues fall 7% over the period, with all the major advertising categories falling, including property, which was down 25%.

DMGI, which manages business-to-business information companies, reported a 6% rise in third quarter revenues to £78 million while DMG World Media, the company's events division, upped its revenues by 43% in the period to £49 million.

DMGT also made disposals of businesses and investments totalling £96m, including the group's shares in GCap Media for £53 million.

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