7th May 2015 07:37
LONDON (Alliance News) - Newspaper publisher Trinity Mirror PLC on Thursday said trading in the first four months of 2015 has been in line with its expectations, even as revenue fell as the tough conditions in the print advertising market continued.
Trinity Mirror, which publishes The Daily Mirror and The Sunday Mirror, said revenue trends in the first four months were broadly in line with those seen at the end of 2014, with reported revenue falling by 10% and underlying revenue, excluding closed titles, down by 8%, as a 29% growth in digital was offset by a 10% decline in print.
The group said its average monthly unique users in its digital properties rose by 55% in the four month period, while page views rose by 51%.
But publishing print revenue trends have been impacted by the lack of a cover price increase for The Daily Mirror, which meant circulation revenue dropped by 6%. Underlying print advertising revenue dropped by 14%.
Shares in Trinity Mirror were down 2.4% to 182.35 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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