A quarterly financial statement by Northcliffe’s parent company DMGT revealed that circulation revenues fell by 7pc, with the decrease attributed to the decision to switch four of the group’s titles from daily to weekly publication.

Today’s interim management statement also revealed that the company’s headcount fell by 80 in the period October – December 2011, the first quarter of DMGT’s financial year.

The number of people employed at Northcliffe now stands at 2,450, compared to 3,130 in October 2010.

The statement said:  “Northcliffe Media’s total revenues were down by 9pc to £53m, an underlying decline of 7pc.

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