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Yell hit by slump in print ad sales

Yellow Pages owner Yell revealed a further 15% slump in revenues to £382m. Sales of print and other directory advertising slumped 22% to £269.8m in the quarter to December 31, with revenues from digital directories down 16% to £77.6m.

But Yell was encouraged by the doubling in revenues from digital services to £35.4m.