Telegraph Media Group profits collapse as advertising & circulation drop 9%

Telegraph Media Group is weathering a period of acute belt tightening after it revealed annual pre-tax profits for 2017 came in at a disappointing £13.7m – just half the £27.1m it brought home in 2016.
Profits have been heading south on the back of a dip in the publisher's advertising and circulation base, with the paper posting a further 9% fall over the period to bring revenues down £17.5m to £285.7m.
In common with other media owners it has seen increasing number