Sly Bailey might have only been shown the door by Trinity Mirror two weeks ago but there is already reason to celebrate as the newspaper group reported a rise in profits this morning. The Mirror‘s parent company made a pre-tax profit of £35 million in the last six months, up 21% year-on-year. The improvement has been attributed to a wave of cost-cutting measures implemented by Trinity Mirror bosses over the last few months.

No longer having to pay Sly’s huge pay packet might also have something to do with it…