Johnston Press PLC Share News (JPR)

Johnston Press PLC Information

There is currently no data for JPR

REMOVE ADS

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

Tue, 14th Jul 2015 06:37

July 14 (Reuters) - Johnston Press Plc, publisher of"The Scotsman" and "The Yorkshire Post", said it expected itsfull-year profit to be slightly below market expectations, afteradvertisers tightened their purse strings during the elections.

Edinburgh-based Johnston Press said its first-half profitwould be marginally lower, coupled with a 5 percent fall inrevenue for the 26 weeks ended July 4.

First-half advertising revenue is expected to fall 5percent, with a 5.5 percent fall in circulation revenue.

Around the time of the election, a number of national andlocal advertisers chose to reduce or delay their spend in bothprint and online, the company said. (Reporting by Noor Zainab Hussain in Bengaluru; Editing byAnupama Dwivedi)