Operating profits at regional publisher Archant fell 32% last year.

The owner of the Eastern Daily Press and regional magazines including Angel and Shropshire Life said in a preliminary statement to shareholders that operating profit fell to £15.1m last year while turnover fell 19% to £142m.

Its statement did not report pre-tax profits.

But the company said operating profit doubled in the second half of the year, due to cuts and "some signs of improvement" in trading conditions.

More ... http://www.guardian.co.uk/media/greenslade/2010/mar/08/archant-regional-...