Daily Mail owner sees 'weak' advertising revenue
Media group Daily Mail & General Trust (DMGT) has said that weak advertising revenues will hit profits this year.
The newspaper and consumer division has seen revenues fall 3% so far this year, DMGT said in a trading update.
However, the company added that there had been some improvement in national advertising trends since June.
Martin Morgan, chief executive, said a "weak consumer advertising environment means full year group operating profit will be lower than last year".
The media group reports its full-year results on 23 November. In May, it reported half-year pre-tax profits in line with expectations at £73m.
As well as publishing newspapers, the firm organises trade fairs and provides financial information and risk management services.