Future revenues down for the quarter

Phil Elliott of writes:

"Future Publishing has released an Interim Management Statement today covering the financial period for the three months to the end of December last year, and posted a slight decline in overall revenues, although advertising was up.

The group took GBP 40.6 million altogether, down 1.5 per cent on the previous year, with 71 per cent of the total contributed from the UK business, and the remainder generated in the US.

Despite that, total advertising revenue was up 1.6 per cent, thanks to a 28 per cent increase in online ad sales offsetting a 3.4 per cent print decline."

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