Sales of the Daily Mirrorwere disappointing in May after the British tabloid printed faked photographs of British soldiers abusing Iraqi prisoners, newspaper publisher Trinity Mirror said today.
The incident led to Daily Mirroreditor Mr Piers Morgan being fired after intense pressure on the Trinity Mirror board from investors and the British military.
The affair marked one of the first times that institutional investors, who have become increasingly vocal in Britain over issues of executive pay and corporate governance, have stepped in to influence editorial policy at a newspaper.
Trinity Mirror also said in a statement its first-half group advertising revenue, excluding regional titles in Ireland sold in January, would be 5.1 per cent higher year on year while circulation revenue would be 6.2 per cent higher.