14 Mar 2016 16:10
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Johnston Press PLC Share News (JPR)
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Johnston Press PLC Information
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Don't have an account? Click here to register.Johnston Press swings to loss in first half
Thu, 04th Aug 2016 09:46
(ShareCast News) - Newspaper publisher Johnston Press swung to a loss in the first half, mainly on the back of an impairment charge.For the 26 weeks to 2 July, the company posted a statutory pre-tax loss of £183.7m versus a £2.2m profit the year before, as it booked a £183.6m non-cash impairment reflecting a change of assumptions on its publishing titles and print assets.Advertising revenues were down 17.9% in the first quarter but improved marginally, with a 15% drop in the second quarter despite the impact of the run-up to and uncertainty following the UK's vote to leave the European Union in June.Johnston Press said the acquisition of the i newspaper resulted in an increase in circulation revenue of 2.3% to £38.4m, with its performance offsetting declines in pre-existing titles.Chief executive Ashley Highfield said: "The acquisition of the i newspaper in April was transformational for Johnston Press. Since the acquisition we have increased circulation considerably, using the extensive JP distribution network, and continued to grow market share."The market continues to be challenging and uncertainty surrounding the outcome of the Brexit negotiations has caused further softness in some segments of the advertising market, in June and July. Nevertheless, we are focused on our strategy of increasing overall audiences, maximising opportunities for the i, maintaining tight cost control and rebalancing our portfolio. In that respect, we are nearing completion of the disposal of our Isle of Man newspaper group for £4.25m and are well advanced in negotiations for further divestments."At 0955 BST, shares were down 17% to 11.40p.
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17 Feb 2016 14:36
Trinity Mirror said to unveil new weekday tabloid
(ShareCast News) - Trinity Mirror, publisher of the Daily Mirror, will reportedly unveil a weekday tabloid called New Day this month. People close to the plans told Sky News the new paper was expected to launch on 29 February and will be priced at 25p versus the Independent's i newspaper which is pr
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UPDATE 2-Presses to fall silent at UK's Independent as paper goes online-only
(Adds reaction) By Kate Holton and Paul Sandle LONDON, Feb 12 (Reuters) - Britain's Independent is to disappear from news stands next month after its owner took the left-leaning title online only, one of the first national newspapers in the world to buckle under pressure from the inte
Read more12 Feb 2016 12:26
Presses to fall silent at UK's Independent as paper goes online-only
LONDON, Feb 12 (Reuters) - Britain's Independent newspaper is to disappear from news stands next month after its Russian owner said the 29-year-old title would only publish online, in the starkest sign yet of the pressures weighing on the newspaper industry. The paper launched by a group of
Read more12 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
Read more11 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
Read more11 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
Read more11 Feb 2016 07:14
Thursday newspaper round-up: Facebook, Johnston Press, steel industry
(ShareCast News) - Other EU leaders are ready to copy David Cameron's referendum tactics for their own "egotistic goals", the European Council president has said, as he sounded the alarm over populist politics bringing the bloc to the brink of "suicide". Donald Tusk's forthright warning on Wednesday
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