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Northcliffe revenue down 10 per cent in last six months

The media group's revenue has fallen in both circulation and advertising.

Year-on-year revenue at regional newspaper publisher Northcliffe Media has dropped by 10 per cent in the six months to March 2012, according to figures released by parent company Daily Mail General Trust this morning.

In a trading update the company said costs had been slashed by 13 per cent during the same period, circulation revenue was down 5 per cent and advertising fell 11 per cent.
Revenue at Associated Newspapers – publisher of the Daily Mail, Mail on Sunday and Metro – was down 2 per cent in the six-month period, where a 5 per cent drop in advertising income was offset by a 4 per cent increase in circulation revenue.