skip to main content

Trinity Mirror warns on first-half revenue

Trinity Mirror expects print advertising revenue to fall 19% in its fiscal half year
Trinity Mirror expects print advertising revenue to fall 19% in its fiscal half year

British newspaper publisher Trinity Mirror said it expected an 11% fall in first-half revenue as print advertising markets continued to remain challenging. 

The company owns the Daily Mirror and Sunday Mirror titles.

Print advertising revenue is expected to fall 19% in the period, said the company, which has been battling lower advertising rates at the Daily Mirror and Sunday Mirror. 

Trinity Mirror said it was targeting structural cost savings of £20m for the year, compared with the £10m it targeted in March. 

The increased cost-savings target would add £5m to restructuring expenses, the company said.