Publishing group DC Thomson in £20m dividends bonanza
The publisher of the Courier and the Evening Telegraph in Dundee, the Press & Journal and Evening Express in Aberdeen, and the Beano comic, revealed profits fell to £24.2m from £30.1m in the year to end-March 2016. Revenues rose 12 per cent to £275m.
Chairman Andrew F Thomson said the year had seen stability in publishing revenues, adding: “Our newspaper and magazine businesses continue to perform well in the current market. Despite newspaper advertising declines, profitability was ahead of last year.
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Hide Ad“Progress is being made to supplement declining advertising revenues with new lines of business in the digital and events business as well as launching both generic and licensed titles.”