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.
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.
Centaur group finance director Mike Lally added that the group’s titles would benefit from rival publisher Haymarket’s decision to close Media Week and reduce Revolution to a quarterly insert.