LONDON Feb 6 Britain's Daily Mail and General
Trust PLC reported increased first-quarter revenues
thanks to continued growth at its business-to-business arm and
kept its outlook for the year unchanged.
The company said its business-to-business division grew by 8
percent in the three months to end-Dec., outweighing a decline
at DMG Media, home to national titles the Daily Mail and Mail on
Previously known as Associated Newspapers, DMG Media
revenues fell by 4 percent. Advertising slipped by 1 percent,
though strong digital growth offset substantial declines in
MailOnline, the Daily Mail's companion website, achieved a
record 127 million unique browsers in January 2013. It became
the world's most visited online newspaper in 2012, according to
web analytics firm comScore.
The media group, which also runs events and owns a 68
percent stake in business magazine publisher Euromoney,
said in a statement on Wednesday that overall trading in the
quarter was in line with expectations.
Revenue for the first quarter was 503 million pounds ($788
million), up 3 percent from the year-earlier period.
On Monday DMG increased the price of its weekday editions of
the Daily Mail by 5 pence to 60 pence.
The group sold its regional titles for 52.5 million pounds
in January, following years of falling advertising revenues and
Shares in the company rose 2.9 percent to 621 pence in early
trade on Wednesday, their highest level since 2007.