Johnston Press PLC Share News (JPR)

Johnston Press PLC Information

There is currently no data for JPR

REMOVE ADS

Johnston Press Anticipates Meeting Expectations As Revenue Declines

Wed, 18th May 2016 07:27

LONDON (Alliance News) - Johnston Press PLC on Wednesday said it anticipates its 2016 results will fall in the range of its expectations as it reported a fall in total revenue in the year to date.

The regional newspaper publisher said group revenue, stripping out any contribution from the 'i' newspaper it bought this year, declined 14% in the 17 weeks from January 3 to April 30. Revenue fell 14% in the first quarter and 12% in April, it said.

Advertising revenue declined 17%, with the rate of decline easing to 13% in April having dropped 18% in the first three months of the year. Digital revenue fell 5.7% in the first quarter but rose 4.5% in April, the company said.

Johnston Press said it completed the acquisition of the i newspaper on April 10 and daily print sales peaked at 297,849 during April, up 7.0% on the daily peak reported for March.

Johnston Press shares were down 1.9% to 38.75 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance