Business

Daily Mail owner sees 'weak' advertising revenue

Man reads paper at printing works
Image caption DMGT is due to report its full-year profit figures in November

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.

Related Internet links

The BBC is not responsible for the content of external Internet sites