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Strong first year for Sly Bailey as Trinity Mirror boosts profit.(Brief Article)
Trinity Mirror, the publisher of the Daily Mirror and The People, had a solid first year under the chief executive, Sly Bailey.
The national and regional newspaper publisher posted an 11 per cent rise in full-year pre-tax profits to pounds 172.5 million on the back of stable turnover, up 1.2 per cent to pounds 1.1 billion.
Trinity Mirror's results included pounds 50 million of cost savings, achieved as part of Bailey's 'stabilise revitalise grow' strategy.
The newspaper group also announced a 3p rise in the Mirror's cover price to 35p, and the launch of a celebrity-driven magazine called 3am to be distributed free with the Mirror each ...
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