INM sees total group revenues fall almost 3%
In an interim management statement, covering the first 20 weeks of 2014, the publishing group said yesterday that it has seen total newspaper advertising revenues dip by 2.4%, year-on-year, but digital ad revenue increased by just under 18%. Total circulation revenue is down by 2.5%.
Saying that, however, management said that trading conditions, since the announcement of its 2013 annual results in March (when revenue declines of over 6% and flat pre-exceptional operating profits were noted), have improved “on the trends experienced up to that date”.
