“Whilst the company expects a 12 per cent decrease in consumer media revenues for the first five months of the financial year, on a more positive note it anticipates a 15 per cent increase in B2B revenues. This is the result of its long term strategy which is diversifying away from consumer titles with a greater focus on B2B titles which are more resilient,” continues Viner.
“In addition, DMGT has suggested that classified advertising sales are now stabilising – a statement that will be warmly welcomed by many in the industry.”
“Further boosting investor confidence, will be the comment that the company is still predicting full year results to be in line with market expectations – particularly in light of the current market which is making it very difficult for management to forecast with any degree of accuracy,” concludes Viner.
