Johnston Press

Ticker JPR

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As of 13:10 19 Jun 2018
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5.56 million
As of 13:36 19 Jun 2018

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Revenues slide at Johnston Press

Johnston Press

Johnston Press - the publisher of the 'i' newspaper and many regional titles - has reported a near 10% drop in annual revenues to £201.6m amid "challenging" conditions.

Pre-tax losses narrowed to £95m in 2017 compared with £300.7m the year before.

The publisher said: "We expect to see continued pressure on revenues, and the requirement for cost savings."

Total advertising revenues - covering print, digital and classified- fell by 18.3% to £100.3m. Print advertising excluding classified sank 20.1% to £49m.

However, the 'i' newspaper brought some good news, with circulation revenue up 20% and advertising 27% higher in the second half of the year.