Daily Mail and General Trust today reported a 15% fall in revenue and that 334 jobs had gone
during the last three months of 2009. The group hinted at a New Year recovery in advertising revenue for its UK newspapers but the overall picture was gloomy.
"Headcount fell by 334 (4%) in the quarter, due to further reductions at Harmsworth Printing, Northcliffe Media and in Associated Newspapers through the closure of London Lite" said the interim statement. Revenue across the group was £482m, down 15% year-on-year.
http://www.guardian.co.uk/media/greenslade/2010/feb/10/dmgt-newspapers
during the last three months of 2009. The group hinted at a New Year recovery in advertising revenue for its UK newspapers but the overall picture was gloomy.
"Headcount fell by 334 (4%) in the quarter, due to further reductions at Harmsworth Printing, Northcliffe Media and in Associated Newspapers through the closure of London Lite" said the interim statement. Revenue across the group was £482m, down 15% year-on-year.
http://www.guardian.co.uk/media/greenslade/2010/feb/10/dmgt-newspapers
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