This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.guardian.co.uk/media/2013/apr/03/auto-trader-new-chief-trevor-mather

The article has changed 3 times. There is an RSS feed of changes available.

Version 0 Version 1
Auto Trader publisher announces new chief executive Auto Trader publisher announces new chief executive
(6 months later)
Auto Trader publisher Trader Media Group has hired Trevor Mather as its new chief executive.Auto Trader publisher Trader Media Group has hired Trevor Mather as its new chief executive.
Mather, currently chief executive of IT consultancy ThoughtWorks, replaces John King, who stepped down in September.Mather, currently chief executive of IT consultancy ThoughtWorks, replaces John King, who stepped down in September.
He will join TMG in June, with chief financial officer Zillah Byng-Maddick continuing as interim chief executive until then.He will join TMG in June, with chief financial officer Zillah Byng-Maddick continuing as interim chief executive until then.
Auto Trader has a successfully transferred its print classified car advertising business online, with about 11 million monthly unique users.Auto Trader has a successfully transferred its print classified car advertising business online, with about 11 million monthly unique users.
In its latest results for the six months to 30 September, TMG reported a 6% year-on-year rise in pre-tax profits to £16.9m, with digital growth offsetting a more than 30% decline in sales of Auto Trader magazine.In its latest results for the six months to 30 September, TMG reported a 6% year-on-year rise in pre-tax profits to £16.9m, with digital growth offsetting a more than 30% decline in sales of Auto Trader magazine.
TMG said it has all but left behind its historic print business as a successful transition of the brand means that almost 90% of profits now come from digital operations.TMG said it has all but left behind its historic print business as a successful transition of the brand means that almost 90% of profits now come from digital operations.
Digital revenues grew 4% year on year to £106.4m, more than 83% of the total underlying revenue of £127.7m for the six-month period. Total revenues fell 3.7% year on year.Digital revenues grew 4% year on year to £106.4m, more than 83% of the total underlying revenue of £127.7m for the six-month period. Total revenues fell 3.7% year on year.
TMG is owned jointly by the Guardian Media Group – with a 50.3% stake – and Apax Partners, the private equity group. In January, GMG reportedly called off talks with a potential buyer for TMG. Apax also sounded out GMG about buying its stake in TMG in late 2012.TMG is owned jointly by the Guardian Media Group – with a 50.3% stake – and Apax Partners, the private equity group. In January, GMG reportedly called off talks with a potential buyer for TMG. Apax also sounded out GMG about buying its stake in TMG in late 2012.
TMG's other brands include Deltapoint, RAZSOR, 2nd Byte and Autotrade-mail.TMG's other brands include Deltapoint, RAZSOR, 2nd Byte and Autotrade-mail.
• To contact the MediaGuardian news desk email media@guardian.co.uk or phone 020 3353 3857. For all other inquiries please call the main Guardian switchboard on 020 3353 2000. If you are writing a comment for publication, please mark clearly "for publication".• To contact the MediaGuardian news desk email media@guardian.co.uk or phone 020 3353 3857. For all other inquiries please call the main Guardian switchboard on 020 3353 2000. If you are writing a comment for publication, please mark clearly "for publication".
• To get the latest media news to your desktop or mobile, follow MediaGuardian on Twitter and Facebook.• To get the latest media news to your desktop or mobile, follow MediaGuardian on Twitter and Facebook.
Our editors' picks for the day's top news and commentary delivered to your inbox each morning.