Telegraph reports 4.9% revenue slide

Emap is to acquire the French publisher of Biba and Science & Life in a deal worth £62 m.

The Telegraph newspaper group continued to suffer due to the advertising recession last year.

The newspaper group, which owns the Daily Telegraph and the Sunday Telegraph, reported a 4.9 per cent slide in its revenues to £320.7m last year compared to a drop of 8.9 per cent during 2001, according to results for the whole of parent company Hollinger International.

Ad revenues for the group dropped by 7.7 per cent to £211m and circulation revenues fell 0.9 per cent to £93.6m during 2002.

The publisher launched an £8m advertising push backing a redesign of the Telegraph paper last month.

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