Media group Daily Mail and General Trust today offered some hope that a slump in advertising may have bottomed out despite continued weak trading.

The owner of the Daily Mail announced plans today to save £100m (€118m) as advertising markets suffer and costs rise.

PUBLICATIONS distributor Newspread has taken a legal challenge to a “flawed” and “unfair” tendering process under which its contract to distribute Ireland on Sunday newspaper and Buy & Sell magazine was terminated, resulting in lost profits of more than €1.5 million.

IRISH advertising publication Buy and Sell has been sold for €20 million to Naldin, a company connected to Irish investment vehicle Boundary Group, which is headed by Niall McFadden.

ASSOCIATED NEWSPAPERS has confirmed plans to sell the ad publication Buy & Sell.

A LEADING Dublin-based advertising agency has predicted that the Irish Independent will be forced into switching entirely to a compact version following yesterday’s official launch of the Daily Mail’s Irish edition.

A NEWSPAPER war is expected to break out in Dublin next week with the launch of a freesheet by the owners of Ireland on Sunday.

Associated Newspapers unveiled plans today for a new print plant that will allow it to produce every page of its Mail titles in full colour.