DMGT digital revenues boosted by search portals while local media profits fall
Revenue for Associated Northcliffe Digital (AND), the digital division of Daily Mail and General Trust (DMGT), rose by 12 per cent to £46 million over the six months to the end of 2008, boosted by specialist search portals Jobsite, Findaproperty and Primelocation.
However, AND’s total operating profits fell by £3.6 million to £2.2 million after developing automative website Motors.co.uk, according to the group’s report released today.
Operating profits from the group’s local media assets under the Northcliffe media division fell by £4.9 million (13 per cent) to £33.8 million over the same period.
Associated Newspapers also posted a drop in operating profits, but stressed the acquisition of a new printing facility at Didcot was a key factor in this downturn.
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