Latest results from back in Feb: http://www.stockopedia.com/news/announcement/TNI/090226tni9029n.htm
- Revenue fell 10 per cent to £871.7m.
- The group made a pre-tax loss of £73.5m compared with a profit of £21m last time. Profits were hit by an impairment charge of £190m related to the carrying values of the groups’ regional newspaper titles in the Midlands and the south.
- Net debt at £348.7 million, up by £141m after a share buy-back and a contribution to the pension scheme
Is there a bottom for a newspaper company like this one? The share price decline over five years looks menacingly steep as it faces a cyclical decline in ad spending on top of a structural shift from offline to online delivery of content.
Any yet it does have some really great content and readership:
- The Nationals division publishes five national newspaper titles which are among the UK's leading media brands and reach 17% of the UK population. In the UK we publish the Daily Mirror, the Sunday Mirror and The People while in Scotland we publish the two best read national titles, the Daily Record and the Sunday Mail.
- The Regionals division publishes an extensive portfolio of brands across print and digital media in the UK. The print portfolio includes 13 daily paid titles and 51 weekly paid titles and a number of free titles. In the majority of our regions, the print portfolio reaches over 70% of the adult population in our markets on a weekly basis.
