While economic and market challenges have affected the community media operations, management believes that these businesses remain strong and will continue to generate solid cash flow given the nature of the markets in which Glacier operates. This cash flow can be used to fund growth through both internal investment and acquisition of digital business and trade information and digital community media assets, as well as debt repayments, dividend payments and share repurchases.
Glacier's small market community media operations offer a unique selling proposition and competitive advantage through the local information that they provide - of which they are a primary source - and the primary advertising and marketing channels they offer. The value of community content is provided to readers in print and online, by tablet and smartphone platforms. As described above, a number of new digital sales products and strategies have been introduced, and new digital sales and product staff are being hired and technology investments are being made to drive these growth initiatives. Given that the demand for local community information is expected to exist for the long term, Glacier expects to be able to monetize the information and marketing value. As 85% of Glacier's local newspaper distribution is free, this also provides for a more durable reach of readership for advertisers over time wherein total market coverage can always be provided. The attributes of these community media operations are significantly different and stronger than larger metropolitan paid daily newspapers, which have been reflected in the financial performance of Glacier's community media group. An important advantage is that being local often means being integrally rooted in the fabric of a community and Glacier's community media management and staff work assiduously to remain tied to the rhythms of the markets they serve.
As stated, adjusted consolidated EBITDA decreased $3.0 million or 27.5% to $7.9 million compared to $10.9 million in the same period last year. While adjusted consolidated revenues showed a slight increase on an overall dollar basis, due to the acquisition of control of ANGLP, the economic environment and related softness resulted in lower same- store EBITDA in certain trade information businesses and in the community media operations.
Glacier's adjusted consolidated EBITDA margin decreased to 10.3% for the three months ended March 31, 2013 from 14.2% for same period last year as a result of softness in both community media and some business information operations. Management will seek to improve these margins and profit performance through improved print and digital sales effectiveness, cost efficiency and other initiatives.
In accordance with IFRS, Glacier's EBITDA was $6.2 million for the three months ended March 31, 2013, a decrease of $1.0 million or 13.7% and its EBITDA margin decreased to 8.8% from 11.1% for the same period in the prior year. As discussed above, the economic environment and related softness resulted in a lower same-store revenue and EBITDA in certain trade information businesses and in the community media operations.
EBITDA was also impacted by higher pension and post-retirement benefit costs, accounting changes relating to certain business directory digital revenue recognition, increased operating infrastructure investment made in digital media management, staff, information technology and related resources, development of a new real estate information portal, as well as other content and quality related areas. These investments were made consistent with Glacier's complementary media platform and product strategy and business and trade information strategies.
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