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Publisher Johnston Press full-year revenue falls; weak pound hurts

Fri, 03rd Feb 2017 08:13

Feb 3 (Reuters) - Johnston Press Plc, the publisherof the Scotsman and the Yorkshire Post, said it is seeing highercosts from imported paper and ink due to weakness in sterlingafter the Brexit vote, as it posted a 6 percent fall infull-year revenue.

The 250-year-old company said trading in the fourth quarterended Dec. 31 improved after a difficult summer prompted byBrexit-related uncertainty but total print and digitaladvertising revenue, excluding classifieds, for the full yearwas down 7 percent. (Reporting by Rahul B in Bengaluru; Editing by Adrian Croft)

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