Revenue declines ease for Centaur as ads return

Business publisher Centaur Media said yesterday that its year-on-year revenue decline eased in the four months to 31 October, helped by improved advertising revenue.<br /><br />The company said revenue fell 28 per cent during the period, in line with its forecasts and representing a slower rate of decline than the 32 per cent drop seen in the six months to June. But Centaur, which publishes business-focused magazines including Marketing Week and The Lawyer, said average monthly advertising revenue was about 10 per cent ahead of the level reported during the second half ending 30 June.<br /><br />Centaur group finance director Mike Lally added that the group&rsquo;s titles would benefit from rival publisher Haymarket&rsquo;s decision to close Media Week and reduce Revolution to a quarterly insert.<br />