Financial Times FT.com

DMGT expects substantial profits fall in first half

By Salamander Davoudi and Andrew Parker

Published: March 23 2009 08:43 | Last updated: March 23 2009 20:58

Daily Mail and General Trust has warned that first-half profits will show a substantial year-on-year fall, amid weak advertising markets, as it unveiled a doubling of its headcount reduction.

The newspaper owner said 1,000 jobs would go this year at its regional arm, Northcliffe, double the number outlined in November. Some of the cuts have already been made.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this