29th May 2009 07:00
EMBARGOED UNTIL 07.00 29 MAY 2009
Dawson Holdings PLC
Further Contract News
The News division of Dawson Holdings PLC ("Dawson" or "the Group"), the media supply chain integrator, was advised yesterday by Trinity Mirror PLC ("Trinity Mirror"), that, when its contract with the Dawson News division expires in October 2009, it will not be renewed.
This follows the recent announcements regarding the loss of a number of substantial contracts within that division and is not unexpected. The revenue attributable to the Trinity Mirror contract in the last financial year was £65 million.
The Group yesterday announced its interim results, in which substantial non-cash write-downs of goodwill and intangibles in the financial results for the year to September 2009 were made, to reflect the situation facing the Dawson News division through the loss of contracts. An internal reorganisation designed to preserve value in the group has also been announced.
For further information, please contact:
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www.dawson.co.uk |
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Dawson Holdings PLC |
020 8774 3000 |
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Peter Harris, Chief Executive |
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Hugh Cawley, Group Finance Director |
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Smithfield |
020 7360 4900 |
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Reg Hoare / Rebecca Whitehead |
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