DC Thomson performs better than rivals

DC Thomson, the Dundee-based media company, has performed rather better than many rivals, but pre-tax profits dipped from £66.7m to £65m in the financial year to March 31 2007. Revenues rose to £244.4m from £187.8m thanks to a healthy contribution from the Aberdeen Journals group that was acquired from the Daily Mail & General Trust in 2006. The company said it was investing heavily in IT, arguing that though the investment would hit profits in the short term it was fundamental to the long-term success of the business. (Via Scotland on Sunday)