Firering Strategic Minerals: From explorer to producer. Watch the video here.

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 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.
More News
12 Nov 2014 06:22

UK AGM, EGM Calendar - Week Ahead

Read more
11 Nov 2014 16:20

UK AGM, EGM Calendar - Week Ahead

Read more
11 Nov 2014 06:10

UK AGM, EGM Calendar - Week Ahead

Read more
10 Nov 2014 15:56

UK AGM, EGM Calendar - Week Ahead

Read more
10 Nov 2014 06:20

UK AGM, EGM Calendar - Week Ahead

Read more
7 Nov 2014 16:05

UK AGM, EGM Calendar - Week Ahead

Read more
7 Nov 2014 06:15

UK AGM, EGM Calendar - Week Ahead

Read more
6 Nov 2014 15:28

UK AGM, EGM Calendar - Week Ahead

Read more
6 Nov 2014 06:17

UK AGM, EGM Calendar - Week Ahead

Read more
5 Nov 2014 16:00

UK AGM, EGM Calendar - Week Ahead

Read more
5 Nov 2014 10:42

UK BROKER RATINGS: TT Electronics Downgraded By Three Brokers

Read more
29 Oct 2014 08:20

UK MORNING BRIEFING: Rising Shares Leave Next And Standard Life Behind

Read more
29 Oct 2014 08:06

Johnston Press Revenue Decline Slows, Further Restructuring To Come

Read more
29 Oct 2014 07:39

Johnston Press sees boost from digital business in 2015

Oct 29 (Reuters) - Johnston Press Plc, the publisher of "The Scotsman" and "The Yorkshire Post", said it was seeing economic growth in most of its markets and the growing strength in its digital business would help the company improve further in 2015. The Edinburgh-based media group said it

Read more
24 Oct 2014 15:01

Johnston Press Proposes 1-For-50 Share Consolidation (ALLISS)

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.