Trinity Mirror cites improving performance in trading update

An improving performance at Trinity Mirror has been reported by the firm, which owns The Journal, The Chronicle and The Sunday Sun

Trinity Mirror chief executive Simon Fox

Trinity Mirror has posted a trading update on the London Stock Exchange ahead of today’s AGM, revealing improving performance during the 17 weeks ended April 27.

The owners of ncjMedia Ltd – publishers of The Journal, The Chronicle and The Sunday Sun – said group revenue is down 3% year on year for the period, with improving trends over March and April.

The firm also reported continued acceleration in digital revenues for the publishing division with year-on-year growth of almost 50%.

There has also been significant further growth in the digital audience with unique users up 100% year-on-year to 60 million, and page views in excess of 400 million.

Circulation revenue has remained robust with cover price increases substantively offsetting volume declines and advertising revenue trends improved during the period with a 9% decline in publishing print, 47% increase in publishing digital.

A 41% decline in specialist digital advertising was also reported, reflecting the sale of the specialist property classified sites in 2013 and the restructure of the recruitment sites at the end of 2013.

Printing revenue made gains from higher newsprint prices and strong contract print revenues, while the 3% growth in other revenue was attributed to strong growth in digital revenues and contract publishing for football clubs.

Overall, the business said performance for 2014 is tracking in line with expectations.

Journalists

David Whetstone
Culture Editor
Graeme Whitfield
Business Editor
Mark Douglas
Newcastle United Editor
Stuart Rayner
Sports Writer