* Daily Mail picks up TV advertising revenues in Olympics
run-up
* FD sees 5 mln stg to 10 mln stg boost from Games, Jubilee
* Q3 revenue from Daily Mail and Mail on Sunday unit rise 4
pct
* Says outlook for the year unchanged
* Shares up 1 pct
LONDON, July 25 (Reuters) - A burst of Olympics-related
advertising is boosting revenue at Britain's Daily Mail
mid-market tabloid, its publisher said on Wednesday, as the
London Games prompt advertisers who would usually use television
to switch to print and online channels.
Daily Mail & General Trust Plc said the fact that
the Games were being shown on the publicly funded BBC
rather than ad-driven ITV meant spending was gravitating
towards its titles.
"The newspaper is performing strongly with the Olympics,"
Finance Director Stephen Daintith said on an analyst call. "A
number of our customers are, in the absense of ITV showing the
Olympics, looking to the leading national newspapers, like the
Daily Mail, to reach the audience."
Daily Mail & General sees the Olympics and the Queen's
Diamond Jubilee celebrations in June providing a one-off benefit
of between five and 10 million pounds to the company.
"Given recent trading, it's probably towards the higher end
of that range. We are picking up what would be TV revenues,"
Daintith said.
The first three weeks of July had shown a 3 percent growth
in advertising revenue at its national newspaper business, the
company said.
Analyst Ian Whittaker at brokerage Liberum said July's
figures were surprisingly strong, adding that they "fly in the
face of the gloom on the TV advertising market."
Shares in Daily Mail & General Trust, which in June dropped
out of Britain's FTSE 250 mid-cap index due to a technicality
connected to the classification of its shares, traded up 1
percent to 436.5 pence at 0907 GMT, valuing the company at about
1.7 billion pounds.
DIGITAL GROWTH
Underlying revenues from its Daily Mail and Mail on Sunday
titles grew 4 percent in the three months to July 1, as more
newspapers were sold, reversing a decline in the second quarter,
and helped by strong advertising sales linked to the newspaper's
website, one of the most popular websites in the world
The website posted a 69 percent jump in quarterly underlying
advertising sales compared with the year earlier period.
"I wouldn't want to pretend that this quarter is a complete
inflexion point, but it's certainly encouraging to see that
digital advertising growth is starting to really offset the
declines in print advertising," Daintith said.
Revenues from print advertising have been in decline at
media groups across the western world for some years, as sales
of newspapers decline and digital advertising revenues fail to
make up the difference.
Daily Mail & General said its outlook for the year was
unchanged, having forecast that full-year earnings would grow
when it reported interim results in May.
The group, which also prints a string of regional titles and
has a business-to-business publishing division, posted revenue
of 509 million pounds ($790 million) in its third quarter, up 4
percent from last year on an underlying basis.
Its business-to-business publishing unit posted revenue
growth of 7 percent, while its events division saw sales soar 22
percent after a robust showing at its Global Petroleum Show.
The outlook at financial publisher Euromoney, in
which Daily Mail & General owns a 68 percent stake, was less
rosy, with the company flagging that weaker markets could impact
its fourth-quarter results.