Dan Sabbagh and Angela Jameson
Win a fitness package worth more than £3,000
Daily Mail & General Trust (DMGT), the owner of the Daily Mail, said that it did not expect an end to the advertising downturn this year, although performance at its national titles was ahead of its rival Trinity Mirror.
Advertising fell 5 per cent at Associated Newspapers, home to the Mail and the Evening Standard, in the quarter to June 30, with growth at the publisher's freesheets helping to offset weakness at the Standard.
“We definitely don't expect to see advertising pick up in the short term and that means certainly this year,” Peter Williams, the finance director, said. Softness in the company's third quarter has continued into July.
Advertising at Associated tumbled by 9 per cent in June, but was ahead by 4.5 per cent in May. Cover price increases helped total revenue higher by 0.4 per cent to £243 million.
Trinity Mirror, the only other national UK newspaper group to publish figures since the downturn, reported a 13.5 per cent decline in advertising at the Daily Mirror and its other nationals in May and June. Mr Williams said that the relative market positions of the titles accounted for the difference in performance.
Advertising at Northcliffe Newspapers, DMGT's regional newspapers unit and owner of such titles as The Hull Daily Mail, fell by 11 per cent compared with the same period last year. All big categories were lower, but property was down by 25 per cent and recruitment by 10 per cent.
The pace of decline accelerated in May and June at Northcliffe, DMGT said, with advertising revenues at the regional titles down by 12 per cent in May and 16 per cent in June, slightly worse than the 12 per cent reported by Trinity Mirror in those months, but better from Gannett, the American owner of The Herald, in Glasgow.
DMGT's electronic information, trade show and professional publishing activities were unaffected by any economic slowdown, and all posted improvements. That offset weakness elsewhere and overall revenues were 5 per cent ahead on the same quarter a year earlier.
The shares rose nearly 9 per cent to 339p amid relief that the figures were not worse, although many analysts moved their full-year profit forecasts towards the bottom of the previously expected range.
Industry sectors news at a glance. Interactive heatmap, video and podcast
The inside track on current trends in the charity, not for profit and social enterprise sectors
Read our exclusive 100 Years of Fleming and Bond interactive timeline, packed with original Times articles and reviews
Everything the Business Traveller needs to know to make a better trip
Shortcuts to help you find sections and articles
05/2005
£13,500
08/2008
£109,950
2006
£10,750
Great car insurance deals online
£Excellent+ executive benefits
Torres and Partners
London
£49,229 - £62,035 pro rata
Charity Commission
London/Liverpool/Taunton
Alstom Power
Europe
Six Figure
Rolls Royce
Midlands/Europe
From £89,950
Great Investment, River Views
Special Offers now available
At the new sophisticated
Encore Las Vegas Resort!
Cruise the Islands of Hawaii - Pride of America
List your property with two leading travel websites
Great travel insurance deals online
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths
News International associated websites: Globrix | Property Finder | Milkround
Copyright 2008 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.