A challenging print advertising market, plus costs related to the phone-hacking scandal led to Trinity Mirror’s profits to fall to £12.1m in the six months to 28 June the publisher announced today (3 August).
The Daily Mirror publisher used the earnings announcement to trumpet its growth in digital revenues – which were up 27 per cent year on year, with digital advertising revenue up 44 per cent during the same period – but this was accompanied by a “challenging conditions” in the print advertising market, which saw overall revenue drop to £288.5m, compared to £324.2m 12 months earlier.
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Source: The Drum
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