The lack of people traveling on public transport during the lockdown led to a drop in profits for the owners of the Daily Mail.
Half-year profits almost halved as the effects of the pandemic hit sales of its events arm and the Metro newspaper.
The newspaper is a free newspaper for commuters, heavily reliant on advertising, and has therefore been particularly affected by the Covid 19 crisis.
Daily Mail and General Trust (DMGT) saw statutory pre-tax profits from continuing operations fall to Â£ 42million in the six months ending March 31, from Â£ 77million the year before.
Revenue from its events business, the most affected by blockages, fell 95% and mainstream media sales fell 10%.
There was, however, a “solid” performance through MailOnline and its Daily Mail and Mail on Sunday titles.
Metro revenues were down 72% over the half-year, while they were down 5% for the Mail activities. MailOnline, meanwhile, grew by 9%.
DMGT is forecasting two major âphysicalâ events in September, but expects trading in the division to remain âvery difficultâ.
Paul Zwillenberg, Managing Director of DMGT, said: âFrom a financial and operational perspective, DMGT delivered a strong performance in the first half of the year.
âWithin the mainstream media, MailOnline saw good revenue and earnings growth and a strong performance in print mail titles, driving profit growth for the mail business while, unsurprisingly, Metro and our events business continued to be affected by the pandemic. “