Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJohnston Press PLC Share News (JPR)

  • There is currently no data for JPR

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Johnston Press confirms talks to buy i newspaper for £24m cash

Thu, 11th Feb 2016 11:08

(ShareCast News) - Johnston Press confirmed it is in late-stage discussions to buy the i newspaper from the publisher of the Independent, with a likely cash price of £24m.The regional news publisher, which last month said it would sell several of its non-core titles in order to focus on digital growth, said the acquisition of the "business and certain assets of i" would create the UK's fourth largest print publisher and help accelerate its shift to digital publishing.Johnston Press said it expected the acquisition would be cash generative and immediately earnings enhancing, with i's growing circulation revenues and in the year to last September making an operating profit of £5.2m.The tabloid-sized national newspaper, which the Independent launched on 26 October 2010 to tap into the commuter market, would give rise to "new opportunities", the FTSE smallcap company's management believes from a proposed digital product, new geographic markets, and from potential cross-selling of i's advertiser base and vice-versa.Johnston said it would use its digital expertise "to fully realise the i brand across digital platforms", adding that its network would enable "cross-promotion to grow audiences at minimal cost", while the national brand would enhance its 1XL regionally-oriented digital display network.The success of i has been such that Trinity Mirror, which also has extensive local newspaper interests, has been reported to have begun working on the launch of copycat national newspaper.
More News
6 Aug 2015 05:18

Earnings, Trading Statements Calendar - Week Ahead

Read more
5 Aug 2015 15:05

Earnings, Trading Statements Calendar - Week Ahead

Read more
5 Aug 2015 05:13

Earnings, Trading Statements Calendar - Week Ahead

Read more
4 Aug 2015 15:15

Earnings, Trading Statements Calendar - Week Ahead

Read more
23 Jul 2015 07:22

BUZZ-Daily Mail: worst day in 6 yrs as warns of weaker ad markets

** Daily Mail bottom of the Stoxx & poised for biggest one-day drop since April 2009 ** Co sees "marked deterioration" in British print advertising market meaning FY to be at lower end of expectations ** Stock down 8.1% at levels not seen since mid March in volume at a fifth of 90-day

Read more
23 Jul 2015 07:21

UPDATE 1-Daily Mail lowers guidance as advertising markets worsen

(Adds analyst reaction, shares) LONDON, July 23 (Reuters) - The publisher of the Daily Mail newspaper and website said it had seen a "marked deterioration" in the British print advertising market that would result in full-year results coming in at the lower end of expectations. Total

Read more
23 Jul 2015 06:18

Daily Mail lowers guidance as advertising markets deteriorate

LONDON, July 23 (Reuters) - The publisher of the Daily Mail newspaper and website said it had seen a "marked deterioration" in the British print advertising market that would result in full-year results coming in at the lower end of expectations. It said total underlying advertising revenue

Read more
14 Jul 2015 09:19

Johnston Press shares tumble after profit warning

(ShareCast News) - Shares in community news firm Johnston Press tumbled on Tuesday after the company issued a profit warning. The company said it expects first-half profits to be marginally below last year, impacted by a slowdown in general trading and specific weakness in the run-up to and after th

Read more
14 Jul 2015 08:36

BROKER RATINGS SUMMARY: Morgan Stanley Cuts Pearson To Equal-Weight

Read more
14 Jul 2015 07:50

BUZZ-Johnston Press: hits 3-yr low after profit warning

** Johnston Press, publisher of "The Scotsman" and "The Yorkshire Post", falls to in lowest in almost 3 yrs after co warns on lower FY profit ** Co says Q2 hurt by a number of national and local advertisers choosing to reduce or delay their spend in both print and online during general elec

Read more
14 Jul 2015 07:25

LONDON BRIEFING: Iran Nuclear Agreement Hits Oil Prices

Read more
14 Jul 2015 07:23

REPEAT: Johnston Press Issues Profit Warning After Second Quarter Slump

Read more
14 Jul 2015 06:49

Johnston Press Issues Profit Warning After Second Quarter Slump

Read more
14 Jul 2015 06:37

Johnston Press sees lower FY profit as advertisers spent less during polls

July 14 (Reuters) - Johnston Press Plc, publisher of "The Scotsman" and "The Yorkshire Post", said it expected its full-year profit to be slightly below market expectations, after advertisers tightened their purse strings during the elections. Edinburgh-based Johnston Press said its first-h

Read more
12 Jul 2015 12:26

Britain asks BBC's competitors to review its remit

LONDON, July 12 (Reuters) - Britain's government will ask the BBC's competitors to scrutinise the broadcaster's remit and scale, the government said on Sunday, after years of controversy over how it has been funded. The BBC, the world's largest broadcaster, has long been criticised by gover

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.