Associated Newspapers' revenues inch up

Associated Newspapers, the national press division of DMGT, has reported a 1% rise in total revenue to £211m in the three months to 2 January as advertising revenue rose 6% on an underlying basis.

DMGT titles: owner reports revenue increase
DMGT titles: owner reports revenue increase

Underlying print advertising revenues rose 3% while Mail Online drove digital revenues up 73%.

The company's regional division Northcliffe took the largest hit with revenue diving by 6% during the final quarter of 2010 to £59m.

Recruitment revenue was 26% lower and public notices 13% lower, however property revenue was up 1.5%.

Northcliffe's cost base continues to be reduced with publishing costs 6% lower and a reduced workforce of 8% during the quarter.

Overall revenues at DMGT were up 3%, or 5% on an underlying basis, to £497m, which the company described as "in line with expectations."

The star performer within the group's portfolio was its B2B division, housing the Euromoney group of titles, which increased sales 11% to £220m in revenue.

Martin Morgan, chief executive of DMGT, said: "Trading in the first quarter has been in line with our expectations.

"Overall our B2B operations are experiencing good momentum and consumer media continues to benefit from national advertising growth, though we have limited visibility.

"We remain cautious about the medium term outlook, given the external economic environment. Our focus will remain on investment to drive organic growth, while continuing to seek to improve operational efficiency and to reduce debt."

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