Digital boost helps magazine publisher overcome advertising Time Out

TimeOutNewly listed magazine company Time Out expects to report revenue growth of 16 per cent for the first half of 2016 – a period in which many other publishers have experienced heavy declines.

The publisher, which floated on the alternative investment market (Aim) in June, said digital turnover was up 33 per cent, while print revenue shrunk two per cent. Its share price had leapt 3.5 per cent to 134p at the time of writing on Tuesday morning. Since its flotation in mid-June, when it went against the trend of companies holding off on IPOs amid EU referendum uncertainty, Time Out’s share price has fallen from 140p to 130p yesterday.

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