Publishing group DC Thomson in £20m dividends bonanza

Dundee-based newspaper and comics publisher DC Thomson paid out dividends of £19.8 million to its family owners last year despite a fall in profits, up from £19.2m in the previous 12 months.
DC Thomson's comic characters include Desperate Dan. Picture: Ian RutherfordDC Thomson's comic characters include Desperate Dan. Picture: Ian Rutherford
DC Thomson's comic characters include Desperate Dan. Picture: Ian Rutherford

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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“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.”

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