Accelerated cost savings fail to halt Trinity Mirror revenue slide in third quarter

Trinity Mirror revenues have slumped by 8% over the third quarter, extending a run of declines which saw revenues fall by 9% in the first half – despite aggressive structural cost savings of £20m being made; £5m more than called for by initial targets.
In recent months Trinity Mirror has cut 78 roles at its regional titles as it refocuses its efforts on digital and video.
Nevertheless the publisher managed to shrink net debt by £3m to £19m, even after paying the int