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.

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Waitrose boosts content strategy with 'Weekend Kitchen with Waitrose' C4 tie-up

Waitrose boosts content strategy with 'Weekend Kitchen with Waitrose' C4 tie-up

Waitrose has joined forces with Channel 4 and produced a Saturday morning lifestyle and cookery programme called 'Weekend Kitchen with Waitrose', with TV presenters Lisa Snowdon and Steve Jones signed up to front it.

Share
Newspaper ABCs: Guardian smashes through 100m browsers in March 2014

Newspaper ABCs: Guardian smashes through 100m browsers in March 2014

The Guardian reached more than 100 million monthly unique browsers for the first time in March, according to Audit Bureau of Circulations figures published today.

Share
Toyota achieves the impossible by calming angry Roman drivers

Toyota achieves the impossible by calming angry Roman drivers

Italians swearing and shouting while sitting behind the wheels of their cars and negotiating the busy streets of Rome could become a thing of the past if they all start driving Toyota's Hybrid vehicles, implies a short film for the car brand.

Share

Get news by email