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Johnston Press puts itself up for sale

Thu, 11th Oct 2018 10:04

(Sharecast News) - Johnston Press, the publisher of the i and Scotsman newspapers and roughly 200 other local titles, has put itself up for sale.The beleaguered publisher has been struggling to get its house in order for more than 18 months, when it first entered into negotiations to refinance a £220m bond due in 2019 and launched a strategic review into its options.Johnston Press, along with several other newspaper groups, has suffered from a decline in advertising income of recent years, as well as a sharp fall in revenues from its classifieds business.Algorithm and news feed changes by Google and Facebook have also put a squeeze on revenues. Other industry stalwarts such as Reach, formerly known as Trinity Mirror, have also suffered.Johnston Press told investors on Thursday that "pursuant to this strategic review", and in order to assess all strategic options to maximise value to its stakeholders, "the board of Johnston Press announces today that it has decided to seek offers for the company".As of 1000 BST, Johnston shares had picked up 3.70% to 3.36p.
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12 Feb 2016 12:26

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12 Feb 2016 12:15

Johnston Press agrees to buy Independent's budget sister title

Feb 12 (Reuters) - Britain's Johnston Press Plc said on Friday it has agreed to buy "i" newspaper, the cut-price sister paper of The Independent, for 24 million pounds ($35 million). Johnston, publisher of The Scotsman newspaper, is buying "i" from Independent Print Ltd, which is controlled

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12 Feb 2016 12:12

Johnston Press Confirms Deal To Buy 'i' Newspaper For GBP24 Million

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11 Feb 2016 13:54

UPDATE 2-Johnston Press in talks to buy Independent's budget sister title

* Johnston says in late-stage talks * Says price for Independent's i newspaper likely to be 24 mln stg * Deal would create Britain's fourth-largest print publisher (Adds detail, analyst comment, share price) By Rahul B and Esha Vaish Feb 11 (Reuters) - Britain's Johnston

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11 Feb 2016 11:08

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

(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 gro

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11 Feb 2016 07:47

Johnston Press Confirms Talks For GBP24 Million Bid For i Newspaper

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11 Feb 2016 06:46

PRESS: Lebedevs Set To Sell 'i' Newspaper To Johnston Press - The FT

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