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Associated, Northcliffe Digital Income Up On Ad Growth, Cost Cuts

Richard Titus’ last act as outgoing CEO of the disbanded Associated Northcliffe Digital…

— At Mail Online and Metro, Associated Media’s April-to-July digital income is up 16 percent from last year, with 46 percent more from digital advertising.

— In regional news, Northcliffe Media’s digital income is up 10 percent, on property and car classifieds growth.

Specific figures aren’t given.

In its earnings for the period, parent DMGT says quarterly group income is down two percent from last year to £508 million, but is actually up two percent after factoring out the disposal of Evening Standard, London Lite and Teletext.

CEO Martin Morgan says the period “continued to reflect the generally positive trends in our international B2B and UK consumer media businesses, although we remain wary about the medium term outlook“.

DMGT’s combined A&N Media consumer publishing unit reported 10 percent lower income (actually up four percent after stripping out those disposals), but says: “The current advertising trends, together with A&N Media’s focus on cost control, with continuing reductions in headcount, will have a continuing positive effect on profitability for the full year…”

— Associated Newspapers (Daily Mail (LSE: DMGT), Mail On Sunday, Metro) revenue is down three percent to £201 million, but advertising revenues up 13 percent.

— Northcliffe Media revenue fell four percent to £66 million, with advertising still down four percent and circulation down five percent.

But DMGT’s collection of B2B businesses saw revenue up nine percent, including DMG Information up 15 percent.

Release