Centaur Media, the B2B publisher best known in the legal market for The Lawyer magazine, has issued a profits warning, following falling recruitment advertising revenues. The company says they are down by one-third on last year however Tempus in today's Times Online suggests the real figure may be in excess of 60%. Having turned in profits of £18m last year, one analyst has revised Centaur's profit expectations for this year down from £10.4m to £3.5m.