Scotsman and Yorkshire Post owner National World PLC (LSE:NWOR) shares rallied over 12% on Thursday following a trading update.
The news publisher’s revenues for the 21 weeks to 25 May came to £39.5 million, representing an 18% year-on-year increase.
Print advertising sales surged 22%, making it the largest revenue line in the period.
Chairman David Montgomery, said: "National World continues to make strong progress on three fronts - growing revenue in the face of a general sector decline, driving organic development with innovative product and platform launches and finally through a targeted acquisitions strategy.
"Our transition towards full automation of content production processes has accelerated in the first half.
“There is greater focus on pivoting the workforce towards highly monetisable specialist content across all platforms, particularly higher yielding video, business information and events.”
Shares were swapping for 15.74p at the time of writing.