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Johnston Press Revenue Declines But Earnings To Meet Expectations
LONDON (Alliance News) - Local newspaper publisher Johnston Press PLC on Tuesday said its underlying earnings should meet market expectations for the full year, despite revenue declining.
The group said its underlying revenue, which strips out exceptional items, fell 7.0% in the 52 weeks to January 2. Digital revenue was up 12%, but this was more than offset by an 8.0% decline in publishing revenue and 12% fall in print advertising revenue.
Johnston Press said growing its digital audience remains its priority and said it intends making further cost cuts in 2016. It also will focus its growth efforts on its display advertising products and on markets where the local communities have more-than-average disposable income.
Circulation revenue was down 7.0% in the year, while contract printing revenue was flat, helped by the group winning the printing contracts for the Daily Express, Sunday Express and Daily Star.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Latest JPR News
- PRESS: Trinity Mirror To Launch New National Newspaper, 'New Day'
18 Feb 2016 - Trinity Mirror said to unveil new weekday tabloid
17 Feb 2016 - UPDATE 2-Presses to fall silent at UK's Independent as paper goes online-only
12 Feb 2016 - PRESS: Lebedev Confirms Closure Of Independent Print Newspapers
12 Feb 2016 - Presses to fall silent at UK's Independent as paper goes online-only
12 Feb 2016 - Johnston Press agrees to buy Independent's budget sister title
12 Feb 2016 - Johnston Press Confirms Deal To Buy 'i' Newspaper For GBP24 Million
12 Feb 2016 - UPDATE 2-Johnston Press in talks to buy Independent's budget sister title
11 Feb 2016
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