UPDATE 2-Olympics boost Daily Mail advertising revenue

* 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.

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