Daily Mail& General Trust yesterday announced a rise in advertising revenues over the first five months of the year.
Advertising income from the group's Associated Newspapers paid-for titles grew 10% on the previous year in the five months to August, while its Northcliffe Press publications saw an 8% rise.
However, the company warned that its profit level would fall in the second half of the year, due to the recent purchase of Bristol United Press. It had also spent £115 million on acquisitions in the second half, including £60m for the Sydney FM radio licence.
News Source: CampaignLive (UK)