The Daily Mail and General Trust (DMGT) says its regional publisher Northcliffe will “tap its LocalPeople hyperlocal network” in an attempt to reach more advertisers online, paidContent reports.
According to the group’s preliminary results published yesterday, Northcliffe recorded several declines in the year ending October 2010, with underlying revenues down £16 million (six per cent), reported revenues have dropped by 8 per cent and advertising revenues were also down by 7 per cent.
Presenting the results yesterday morning, CEO Martin Morgan told investment analysts that the group is “trying to give ourselves a good shot at capturing local information markets”, paidContent reports.
“We’re going to be taking the technology platform we’ve built (for LocalPeople) and merging it with the ThisIs sites,” Morgan told analysts. “So local people can concentrate on finding a garage, finding a plumber in such a way that provides a long tail of local advertisers – people who aren’t advertising in the local press, we think we can get them in.
Tags: Advertising, classified, DMGT, Local media, Northcliffe
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