Trinity Mirror sees signs of stabilisation

NEWSPAPER group Trinity Mirror said yesterday that it has seen a slowdown in the rate of revenue declines,&nbsp; and that it was confident of meeting expectations for 2009.<br /><br />The publisher of the Daily Mirror and a host of other national and regional titles said underlying advertising revenue had fallen 20 per cent in the first 17 weeks of the second half, compared with a first-half decline of 28 per cent.<br /><br />&ldquo;Whilst the trading environment will continue to be challenging over the remainder of the year and into 2010, we anticipate that the rate of decline in revenues will continue to improve,&rdquo; the firm said. &ldquo;This, coupled with ongoing management initiatives to drive revenues and reduce costs, will support profitability.&rdquo;