View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. Publishers
  2. B2B
February 20, 2014

Business publisher Centaur reduces pre-tax losses as it moves ‘away from product to portfolio management’

By Press Gazette

Business publisher Centaur this morning reported revenue for the second half of 2013 up 8 per cent to £32.7m but a pre-tax loss of £2.9m.

This loss figure was an improvement on the pre-tax loss of £5m in the same period a year earlier.

The EBITDA profit figure was up 7 per cent to £3.1m.

Centaur’s portfolio of business media brands includes: Marketing Week, Creative Review, Money Marketing, The Lawyer and Econsultancy.

Andria Vidler, who became chief executive in November, said: "We have a number of strong brands, deep content, a talented team and considerable technical expertise.  We aim to be the first place customers turn for information and insight and to interact with their peers.

"To deliver this we are refocusing – using our own resources – and placing our audiences at the heart of everything we do.  This will enable us to prioritise market facing and commercial initiatives, and to harness our combined strengths across the business to drive revenue generation and value creation."

Centaur said one of its aims is to "move away from product to portfolio management focused on its key chosen markets".

Content from our partners
How PA Media is helping newspapers make the digital transition
Publishing on the open web is broken, how generative AI could help fix it
Impress: Regulation, arbitration and complaints resolution

Centaur said that total advertising revenue was £11.3m (compared with £11.6m in the same period a year earlier. Digital advertising was up 9 per cent, accounting for 48 per cent ofthe total, paid-for content revenue was said to be up 9 per cent to £10.6m and events revenue was up 20 per cent o £10.4m.

Read the full interim results statement here.

Topics in this article :

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network