Trinity Mirror's H1 Profits Dive by 12.8%

07 August 2006

LONDON: Britain's largest newspaper publisher Trinity Mirror posted first-half pre-tax profits down by 12.8% to £98.1 million ($187.32m; €145.3m).

The publisher of national titles, including the Daily Mirror and the Liverpool Daily Post and Echo, plus 250 regional newspapers, said it intended to look at "our businesses, operating models and structure" as part of a review due to be completed by the end of the year.

TM's revenues also took a 2.2% dive during the half-year to £566.6m. The "challenging advertising environment" was blamed".