Profits on the Telegraph Media Group halved final 12 months as revenues from print promoting and circulation fell by 9%.
The writer of the Daily Telegraph and its Sunday stablemate mentioned pre-tax income fell from £27.1m in 2016 to £13.7m final 12 months.
Revenues declined by £17.5m to £285.7m, which was blamed on "evolving consumer habits" and trade adjustments.
The titles are owned by the Barclay brothers, who additionally personal the Ritz resort.
In an uncommon transfer the Telegraph has determined to publish its outcomes. As it's privately owned, the corporate doesn't need to report as shortly as these listed on the inventory market.
The determination has fuelled hypothesis amongst analysts that the Barclay brothers are in search of to promote the titles, which they purchased in 2004 for £665m from Canadian tycoon Conrad Black.
Sales of the print version have plummeted lately, with the Daily Telegraph promoting an common of 376,000 copies in May, in keeping with ABC, and 303,000 for the Sunday title.
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The numbers are significantly decrease in contrast with the identical month final 12 months following a determination to cease distributing "bulk" copies to the likes of resorts and airways.
The Times sells about 331,000 copies a day excluding 90,960 bulk copies.
Media commentator Roy Greenslade mentioned the Telegraph's four-page assertion learn "more like a prospectus" than a set of outcomes.
It factors out that Nick Hugh, a former Yahoo vice-president, turned Telegraph chief govt in June 2017 with a new technique launched three months later.
The firm goals to succeed in three million "registered customers" by the tip of the 12 months and has already handed two-and-a-half million.
"Our digital revenues will not stop to get stronger and stronger and as we continue to invest in and focus on quality journalism, we anticipate this momentum continuing," Mr Hugh mentioned.
Requiring registration permits publishers to acquire e-mail addresses and different details about their readers as nicely as begin charging after a sure variety of free articles.
Mr Greenslade mentioned the Telegraph titles may show tough to promote given its "very ageing readership".
There was additionally little or no element given in regards to the monetary scenario, he mentioned, with no details about the distinctive costs excluded from a £30.3m earnings determine that excludes curiosity, depreciation and different costs. That determine was down from £41.2m in 2016.
However, it was nonetheless "remarkable" that the Telegraph turns a revenue, Mr Greenslade added.
Operating revenue fell £11.5m to £21m, which the assertion mentioned mirrored "long-term investments we are making in journalism, data and technology... we anticipate revenue to stabilise in 2018/2019 with profits to follow."
Alice Pickthall, a media analyst at Enders Analysis, mentioned the Telegraph's digital push wouldn't make up for the decline in print revenues within the quick time period however was a needed transfer given the sliding gross sales of the papers.
Other newspaper publishers have additionally been hit arduous lately by the double whammy of declining gross sales and the flight of advertisers to the likes of Google and Facebook.
Last week the BBC reported that London's Evening Standard will submit a lack of £10m for the 12 months to September 2017down from a £2m revenue for the earlier 12-month interval.
Unlike the Telegraph, it's wholly reliant on income from promoting and occasions as it's given away without cost.
Even the Daily Mail, which sells about 1.2 million copies a day, suffered a 9% slide in promoting income for the six months to March, and a 6% fall in circulation income.