Nearly 200 jobs have been cut within the Daily Mail and General Trust in the first two months of 2011, according to a trading update released today.

DMGT had already reported in February that the headcount had fallen by 332 in the three month period ending 2 January 2011.

Today the publisher of the Daily Mail and Mail on Sunday announced that a further 188 jobs have been cut in the first two months of 2011, making a total headcount drop of 520 in a five month period to the end of February.

The publisher's regional arm Northcliffe took the majority of these cuts, with a total of 317 from its regional titles.

Northcliffe also reported a drop in revenues from circulation of 3 per cent and advertising of 8 per cent for the same period compared to the previous year.

DMGT's group revenue was reported to be up 2 per cent on the previous year. Trading for the period was said to be "satisfactory" although the publisher said there was "continued uncertainty" over its medium term outlook, particularly for B2C businesses.

Within Associated Newspapers digital advertising revenues were said to be supplementing the "more subdued and volatile print advertising".

"For the quarter to March so far, total underlying advertising revenues are 2 per cent higher than last year, with newspaper operations up 1 per cent and digital only businesses up 4 per cent.

"Whilst overall growth was lower than the 6 per cent growth experienced in the first quarter, performances are set against tougher comparatives, given the improvement in the markets of a year ago."

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