Trinity Mirror reveals

Dominic Ponsford
 
Newspaper publisher
Trinity Mirror today revealed details of the “challenging economic
conditions” which have led to the current round of cut “cha-backs which are
costing hundreds of jobs.
 
In a trading update ahead of its full-year results the company
revealed group advertising revenues for the five months to November
down 7.9 per cent year-on-year. Group advertising revenue for the 11
months to November fell 3.8 per cent.
 
The regional newspapers division has been hit by 20.5 per cent
drop in recruitment advertising for the five months to November (a 4.9
per cent drop overall). The company said this was due to “the slowing
economy and increasing unemployment”.
But this was offset by what the company said was strong advertising
revenues brought about by the change in the pub licensing laws
In recent weeks more than 100 journalism jobs have been cut from Trinity Mirror’s regional newspaper titles.
 
Advertising for the national titles has suffered
a particularly sharp dip – down 14.4 per cent year-on-year for the five
months to November. These titles consist of the Daily Mirror, Sunday
Mirror, People, Daily Record and Sunday Mail. As a result of the
current round of cut backs around 50 journalism jobs have been cut from
these titles so far.
 
Increased cover prices meant that circulation
revenue increased by 1.4 per cent during the 11 months to Novemeber
despite falling sales.
Trinity Mirror will announce its full-year results for the 12 months to January 1, 2006, on March 2.
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