Since November 2014 Trinity Mirror has closed 18 newspapers, opened one, and merged two local newspaperÂ’s websites last month. However despite these changes, and an increase in digital revenue, profits were still down for the first half of 2015.

They announced in June they are aiming to increase the structural cost savings to £20m this year as they continue their “relentless focus on efficiency and cost management”.

The cost saving has included axing a number of jobs, across regional and national titles, and several websites. Trinity Mirror’s chief executive, Simon Fox, commented: “There are no immediate plans to close any further titles. But that doesn’t mean we never will”.

The drop in advertising revenue was a key contributor to this, a challenge many publishers have been facing. Trinity Mirror’s fell by 19% to £87.7m. With this in mind, they have been working on growing the digital revenue, investing £3m into “digital resources and product development”.

Simon Fox, said the company was still focused on reaching a point at which digital growth would offset the decline of print.