Local World posts adjusted profits of £38.9m

David Montgomery’s Local World made adjusted profits of £38.9m last year, providing shareholders Daily Mail & General Trust and Trinity Mirror with a healthy payout of more than £22m to share.

The local newspaper publisher, a merger of more than 100 titles from DMGT’s Northcliffe Media and Iliffe News & Media – including the Nottingham Post and Cambridge News – had total revenues of £230.5m in 2013.

For the full story read The Guardian