UK's Daily Mail publisher posts 15% drop in quarterly revenue

LONDON, Jan 21 (Reuters) - The publisher of Britain's Daily
Mail newspaper said that group revenue fell 15% in the three
months to the end of December, dragged down by falls in print
advertising revenues at its papers and by cancellations in its
events business.

Daily Mail and General Trust said that group
quarterly revenue came in at 304 million pounds ($416 million),
down 15% on an underlying basis, but excluding the impact of
cancelled events it was down 5%.

At its newspapers, print advertising revenues fell 38%,
compared to an 8% rise in digital advertising. The group said
that the impact of the pandemic meant it was difficult to
provide short-term forecasts.
($1 = 0.7301 pounds)
(Reporting by Sarah Young; editing by Michael Holden)