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Cheers for change at Johnston Press

New boss but same old problems facing newspaper business

Shares in newspaper publisher Johnston Press (JPR) gained 11% on the day the departure of chief executive Ashley Highfield was announced (1 May).

Investors are clearly hoping his replacement, internal appointment David King, can breathe new life into the business.

However, King is likely to bump up against the same problem Highfield did during his seven years in the role, namely the company’s substantial liabilities.

Johnston is currently in talks with bondholders over £220m which is due to be repaid next year.

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10 May 2018

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Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.

The Shares team
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