Johnston Press saw its advertising revenue decline by 6.4 per cent last year to £181.7m, as it posted losses of £286.8m.
Despite advertising declining, digital revenues grew by 19.4 per cent for the year, with digital display revenue up by 30.3 per cent as the company’s digital audience was recorded at 21.1m in December, with 13.3m unique users.
Print advertising fell by 9.5 per cent to £157.1m, while newspaper sales were down by 2.1 per cent to £87.7m.
‘Significant exceptional items’ however meant that the company recorded a statutory loss before tax of £286.8m, mainly as a result of restructuring, while Read full story ›
Source: The Drum
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