Huge loss reported by Trinity Mirror

<p>Trinity Mirror lost £161 million over the course of 2013.</p>

Trinity Mirror has announced a major loss in its full year results for 2013, which were released by the company today (March 13th).

It was announced by the publisher that it lost £161 million last year, compared to a profit of £9.7 million it made over the course of 2014.

Revenues were revealed by the company to be down by £42.7 million, which Trinity Mirror stated was due to a "difficult economic environment" and "structural pressures facing print media".

"I am particularly pleased with our rapidly growing digital audience and with the benefits we are driving in harnessing the combined strength of our national and regional titles," said chief executive Simon Fox.

Mr Fox stated that the group ended up finishing the year ahead of expectations, which helped to boost the share price of the company slightly during today's trading session.

The Daily Mirror, Daily Record, Manchester Evening News are among the major titles published by Trinity Mirror.

At 12:52 GMT, stocks in the company were up by 0.57 per cent on the start of the session.

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