The Trinity Mirror chief executive vowed to cut £20m in costs in 2009, “by accelerating technological improvements to editorial, advertising and pre-press processes”.
She added: “These initiatives, alongside good portfolio management and investment to build digital revenues, will see the group through the economic downturn.”
The first-half results were better than expected, however, and the company’s share price increased by more than 10% following the announcement.
TRINITY H! RESULTS
Revenue £460.8m (2007: -1.5%)
Pre-tax loss £20.6m (£70.4m)
Print revenue £196.9m (-7.3%)
Digital revenue £19.5m (+33%)
