Press Gazette: Trinity Mirror looks to cut £7m after announcing falling profits
February 28th, 2008Posted by Oliver Luft in Editors' pick, Newspapers
Trinity Mirror, publisher of over 340 newspapers and websites in the UK, has announced that it will look to cut costs by £7m, after the company announced flat revenues and falling profits in its regional newspaper division.
The Press Gazette says Trinity achieved 13m in cost savings in 2007 and said it hoped to increase this to £20m by the end of this year after announcing a below-inflation increase in overall like-for-like revenues – up 1.6 per cent to £932.3m. Operating profit rose 3.6 per cent to £186.1m.
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