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At the same time, its first-class mail business is being eroded rapidly by the Internet.
But companies in the express mail business are ardently searching for appropriate sites.
Advertising across the Mail business as a whole, including print and digital, was down by 3%.
The Royal Mail faces an additional challenge to its direct mail business: competition.
Still, Mr. Zumwinkel said smaller buys in the mail business outside Germany or deals in Asia would remain possibilities.
"It's civil war in the G.O.P.," said Richard Viguerie, a veteran conservative warrior who helped invent the political direct mail business.
Similar(35)
Overall operating profit at the Mail businesses grew 13%too £71m.
It has also encountered strong competition in the money-transfer and electronic mail businesses.
Total ad revenues across the Mail businesses hit £252m, a 4% year-on-year increase (£9m).
Annual profits across the Mail businesses grew by 12% year on year to £79m.
The performance of Mail Online helped reduce the overall decline across the Mail businesses to 4% or £572m in revenue.
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