Published Date:
27 August 2008
EVENING NEWS publisher Johnston Press saw profits drop more than 15 per cent over the first half of the year, after a fall in advertising revenue of 9.5 per cent.
The regional publisher, which includes 18 daily and 300 weekly local UK newspapers, saw sales fall 6.3 per cent to £293.1 million, while operating profit fell 15.6 per cent to £81.6m and pre-tax fell 18.1 per cent to £62.5m.
The company said it had cut costs by £7.6m.
Chief executive Tim Bowdler said: "We expect to deliver a result reflective of the difficult market conditions."
The full article contains 108 words and appears in Edinburgh Evening News newspaper.
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Last Updated:
27 August 2008 11:35 AM
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Source:
Edinburgh Evening News
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Location:
Edinburgh
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Related Topics:
Johnston Press
