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Johnston relying too much on the ‘i’

Newspaper publisher sees continuing challenging conditions in regional markets

Just consider the trouble newspaper business Johnston Press (JPR) would be in, if it hadn’t completed the £24m acquisition of the ‘i’ newspaper last April.

Its latest trading update (19 May), covering the first four months of 2017, shows total revenue up 0.2%. Without the ‘i’, Johnston would have suffered a 12% revenue decline on a group basis.

If the readership of the ‘i’ publication were to tail off, the market focus on its struggling local newspaper operation could intensify.

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25 May 2017

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