Net debt reduced £106m to £613m for the year, reducing DMGT's debt to earnings before, interest, tax, depreciation and amortisation to a healthy 1.6 times.
The group said the £360m would reduce the ratio of debt to earnings before interest, tax, depreciation and amortisation to less than three-and-a-half-times earnings – a key covenant that it was in danger of breaching.
However, much of this is due to a non-cash write-off relating to depreciation and amortisation in investments such as Now TV and advertising service Adsmart.
GMG Property Services, the UK's leading provider of software to the property industry, grew operating profit before exceptional items and amortisation to £1.6 million (2011 £1.4 million), in an extremely challenging market.
ITV reported a 41% drop in adjusted pre-tax profits to £167m last year and a 32% drop in earnings before interest, tax and amortisation to £211m.
Mecom, which also has operations in Denmark and Poland, said that it now expects earnings before interest, tax, depreciation and amortisation to be down €14m year on year in the first half to about €52m.
The company, which has been whittled down to publishing operations in the Netherlands and Denmark, reported a 21% fall in earnings before interest, tax, depreciation and amortisation to €89.5m last year.
The company said that it expects 2012 earnings before, interest, tax, depreciation and amortisation to be about €89m (£73m).
Britain's second-biggest health and fitness chain recorded a 28% rise in earnings before interest, tax, depreciation and amortisation, to £76.2m, up from £59.3m a year earlier.
GMG Radio delivered a strong financial performance, growing operating profit before exceptional items and amortisation to £2.5 million (2011 £0.9 million).
