SHARES in Trinity Mirror plunged 21% after new chief executive Simon Fox revealed a sharp dip in annual profits and a difficult start to 2013.
The publisher, owner of the Daily Record, saw revenues slide 7.1% from £760.7 million to £706.5m in 2012, with advertising income down 10.4% to £292.8m and circulation falling 7.9% to £297.2m.
Digital advertising also declined, showing a 9.5% drop from £31.6m to £28.6m.
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