4th May 2006 07:01
Trinity Mirror PLC04 May 2006 TRINITY MIRROR plc AGM Statement The following statement will be provided to shareholders by the Chairman ofTrinity Mirror plc, Sir Victor Blank, at today's Annual General Meeting: On a like-for-like basis excluding acquisitions, Group advertising revenue forthe first four months decreased by 11.8%. This represents decreases of 13.9% forJanuary, 13.0% for February and 10.2% for March and April. March and April havebeen combined to eliminate the distortion created by Easter being in March in2005 and April in 2006. Including acquisitions Group advertising revenue for thefirst four months decreased by 9.6%. For our Regionals division like-for-like advertising revenues decreased by 10.4%with declines in all categories other than property, particularly recruitmentadvertising which fell by 22.6% and motors which fell 12.9%. The Nationalsdivision advertising revenues fell by 14.1% with a 15.7% decline for the UKNationals and a 9.6% decline for our Scottish Nationals. Group circulation revenues for the first four months were in line with 2005.Circulation revenues for our Regional titles and UK National titles increased by2.4% and 0.7% respectively with cover price increases offsetting circulationvolume declines. However, circulation revenues for our Scottish National titlesfell by 4.2% reflecting the impact of vouchering activity for the Daily Recordin response to price cutting by competitors in the Scottish marketplace. As we indicated at the Group's preliminary results announcement on 2 March 2006the difficult advertising market conditions experienced in 2005 have continuedinto 2006. Whilst comparatives will ease as the year progresses managementcontinues to run the business on the assumption that the advertising environmentwill remain very challenging. Enquiries: Trinity Mirror plc Vijay Vaghela 020 7293 3622Group Finance Director Nick Fullagar 020 7293 3622Director of Corporate Communications Finsbury James Leviton 020 7251 3801 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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