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

Johnston Press sells East Anglia newspaper business for £17m

Tue, 17th Jan 2017 11:07
(ShareCast News) - Johnston Press, the owner of the i, the Scotsman and many local newspapers, has sold its East Anglia business for £17m in order to focus on key growth areas.The London-listed company said it has completed the sale of Johnston Publishing East Anglia, which owns 13 publishing tiles and websites in the East Midlands and East Anglia to Iliffe Media. The sale also reduces the company's net debt, which puts it on a "stronger financial footing".The £17m sale price represents 5.3 times the operating profit of £3.2m before exceptional expenses for the year ended 2 January 2016.Chief executive Ashley Highfield, said: "This disposal marks a major milestone in our divestment strategy and puts us firmly on the path of refocusing our activities on areas with the greatest growth potential in our selected geographic markets, audience profile and digital growth areas."Shares in Johnston Press were down 2.29% to 0.38p at 1314 GMT.

Related News

National World confirms acting finance chief in post permanently
9 Nov 2023

National World confirms acting finance chief in post permanently

(Alliance News) - National World PLC on Thursday said it has confirmed Acting Finance Director Sheree Manning in post as permanent chief financial off...

Centaur Media shares plunge as it offloads financial services division
1 Apr 2019

Centaur Media shares plunge as it offloads financial services division

(Sharecast News) - Centaur Media shares were in the red on Monday morning, after the business information and specialist consultancy firm announced th...

Sports Direct holds back from Debenhams bid
1 Apr 2019

Sports Direct holds back from Debenhams bid

(Sharecast News) - Rather than emerge with a full takeover bid, Sports Direct has prepared a template letter for other shareholders in Debenhams to us...

Johnston Press PLC News

National World confirms acting finance chief in post permanently
9 Nov 2023

National World confirms acting finance chief in post permanently

(Alliance News) - National World PLC on Thursday said it has confirmed Acting Finance Director Sheree Manning in post as permanent chief financial off...

Majedie Investment Unit Sells Entire Johnston Press Stake (ALLISS)
22 Oct 2018

Majedie Investment Unit Sells Entire Johnston Press Stake (ALLISS)

LONDON (Alliance News) - Johnston Press PLC said Monday that Majedie Asset Management Ltd sold its entire stake in the company.Majedie previous holdin...

Custos Group Raises Johnston Press Stake To 25% In Deal (ALLISS)
19 Oct 2018

Custos Group Raises Johnston Press Stake To 25% In Deal (ALLISS)

LONDON (Alliance News) - Johnston Press PLC said Friday Custos Group AS increased its stake in the multimedia news company to 25% after transactions o...

Johnston Press puts itself up for sale
11 Oct 2018

Johnston Press puts itself up for sale

(Sharecast News) - Johnston Press, the publisher of the i and Scotsman newspapers and roughly 200 other local titles, has put itself up for sale.

Debt-Laden Scotsman Publisher Johnston Press Puts Itself Up For Sale
11 Oct 2018

Debt-Laden Scotsman Publisher Johnston Press Puts Itself Up For Sale

LONDON (Alliance News) - Johnston Press PLC, the publisher of the i, Scotsman and Yorkshire Post newspapers, said Thursday it has decided to put itsel...

WINNERS & LOSERS SUMMARY: Johnston Press Drops 20% On Revenue Decline
29 Aug 2018

WINNERS & LOSERS SUMMARY: Johnston Press Drops 20% On Revenue Decline

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - up 2...

Johnston Press revenue dented by Google and Facebook changes
29 Aug 2018

Johnston Press revenue dented by Google and Facebook changes

(Sharecast News) - Newspaper publisher Johnston Press reported a drop in first-half revenues on Wednesday as it took a hit from algorithm and news fee...

Alex Salmond Dropped From Johnston Press Takeover Plans
27 Jul 2018

Alex Salmond Dropped From Johnston Press Takeover Plans

LONDON (Alliance News) - Alex Salmond has been dropped from plans for a takeover of the newspaper group which publishes the Scotsman and the i, it has...