Newspaper article The Journal (Newcastle, England)

Profits Rise at Trinity Mirror as Cost-Cutting Programme Starts to Take Effect

Newspaper article The Journal (Newcastle, England)

Profits Rise at Trinity Mirror as Cost-Cutting Programme Starts to Take Effect

Article excerpt

Newspaper group Trinity Mirror showed early signs of benefiting from its cost-cutting drive yesterday after posting an 11pc rise in annual profits.

The group, which publishes around 250 titles including The Journal, Evening Chronicle, Sunday Sun, Evening Gazette and Herald & Post, said pre-tax profits of pounds 172.5m represented a performance ahead of expectations.

During the year, Trinity Mirror took the first steps in its "Stabilise Revitalise Grow" strategy.

Trinity Mirror said changes at its national titles have included the restructuring of the senior management team and the use of a clearer strategy for each newspaper.

Yesterday's figures show circulation at the Daily Mirror fell by 7.2pc, although circulation revenues in the division were up by 0.5pc at pounds 261.9m, mainly because of a reduction in price cutting activity.

In the regionals division, circulation revenues increased by 0.5pc to pounds 81.5m with advertising sales up 2. …

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