Daily Mail reports 12 per cent fall in revenues
SHARES in Daily Mail owner DMGT fell sharply this morning after the company reported newspaper revenues had plunged 12 per cent.
Daily Mail and General Trust said income from Associated Newspapers in the last quarter of 2009 fell to just 208m.
The company blamed the London Lite newspaper and the loss-making Teletext TV service - both of which it closed - for the sharp decline.
DMGT shares fell by 1.5 per cent to 435.4p in early trading this morning.