Trinity Mirror sales slide 5pc

Trinity Mirror said in a trading statement its like-for-like sales fell five per cent in the four months to the end of October and the national and regional newspaper publisher said the environment would remain tough into 2011. Excluding revenue from GMG Regional Media, which Trinity Mirror bought this year, advertising revenue fell 4.6 per cent and circulation revenue fell 6.7 per cent. The stock closed 1.9 per cent down at 106p.