{"id":100667,"date":"2017-03-02T09:54:07","date_gmt":"2017-03-02T09:54:07","guid":{"rendered":"https:\/\/www.vuelio.com\/uk\/?p=100667"},"modified":"2017-03-02T09:54:07","modified_gmt":"2017-03-02T09:54:07","slug":"good-news-at-trinity-mirror-as-profits-soar","status":"publish","type":"post","link":"https:\/\/www.vuelio.com\/uk\/blog\/good-news-at-trinity-mirror-as-profits-soar\/","title":{"rendered":"Good news at Trinity Mirror as profits soar"},"content":{"rendered":"

Trinity Mirror has seen more than its fair share of negative headlines in recent years following their acquisition of the Local World regional newspaper group. From sweeping job cuts to title closures, the publisher has faced criticism from journalists, editors and union representatives. However, at least one group of people will be happy with the latest headlines<\/u><\/a>\u00a0\u2013 their shareholders.<\/strong><\/span><\/p>\n

Trinity Mirror has seen a massive increase in profits, reporting a 25 percent year-on-year increase. Revenues increased to \u00a3713 million in 2016 from \u00a3592.7 in the previous year with print publishing enjoying a \u00a395 million increase and digital revenues climbing by \u00a336 million.<\/p>\n

The company is also reporting \u201cexcellent progress\u201d in creating synergy across its titles and estimates such savings could reach \u00a315 million in 2017.<\/p>\n

Simon Fox, Trinity Mirror\u2019s chief executive, told journalists: \u201cWe have delivered a strong financial performance in the year despite the challenging environment we face.<\/p>\n

\u201cI am particularly pleased with the progress we have made in growing our digital audience and revenue, and with the work we have done this year to develop and refine our strategic priorities for the year ahead.\u201d<\/p>\n

A financial report released by Trinity Mirror is keen to highlight the publisher’s vision for its regional publishing business, stating: \u201cDuring 2016, we continued to enhance our regional print brands through the roll out of a new design with less focus on crime, more reporting on things to do in the city and improved coverage in areas such as football and entertainment.<\/p>\n

\u201cAlongside enhancing our newspapers we continue to rationalise the portfolio and during 2016 we closed a small number of regional newspapers and at the end of 2016 we handed back to DMGT\u00a0four of the eight Metros franchises we operated.\u201d<\/p>\n

However, the report also highlights the difficulties facing the regional sector and states: \u201cThe market for our regional titles remains difficult with declines of 15.1 percent for paid for dailies, 17.1 percent for paid-for weeklies and 17.9 percent for paid for Sundays. All titles are experiencing difficulty and our overall trends remain challenged in the market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Trinity Mirror has seen more than its fair share of negative headlines in recent years following their acquisition of the Local World regional newspaper group. From sweeping job cuts to title closures, the publisher has faced criticism from journalists, editors and union representatives. However, at least one group of people will be happy with the latest headlines \u2013 their shareholders.<\/p>\n","protected":false},"author":423,"featured_media":100668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[350,3729],"tags":[],"_links":{"self":[{"href":"https:\/\/www.vuelio.com\/uk\/wp-json\/wp\/v2\/posts\/100667"}],"collection":[{"href":"https:\/\/www.vuelio.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vuelio.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vuelio.com\/uk\/wp-json\/wp\/v2\/users\/423"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vuelio.com\/uk\/wp-json\/wp\/v2\/comments?post=100667"}],"version-history":[{"count":2,"href":"https:\/\/www.vuelio.com\/uk\/wp-json\/wp\/v2\/posts\/100667\/revisions"}],"predecessor-version":[{"id":100753,"href":"https:\/\/www.vuelio.com\/uk\/wp-json\/wp\/v2\/posts\/100667\/revisions\/100753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vuelio.com\/uk\/wp-json\/wp\/v2\/media\/100668"}],"wp:attachment":[{"href":"https:\/\/www.vuelio.com\/uk\/wp-json\/wp\/v2\/media?parent=100667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vuelio.com\/uk\/wp-json\/wp\/v2\/categories?post=100667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vuelio.com\/uk\/wp-json\/wp\/v2\/tags?post=100667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}