Johnston Press suffers post-Brexit hit but revenue buoyed by i newspaper
Johnston Press‘ acquisition of the i newspaper – its only national paper – boosted the publisher’s revenue by 8% in 2016, sparing the publisher from a -14% decline in revenue and -9% decline in circulation.
Instead total revenue was down -6% in the 52 weeks to 31 December 2016, after the publisher suffered a heavy hit in Q3 2016 prompted by a Brexit fallout, leading to a weaker sterling and higher costs of imported paper and ink. Total revenue was down -5% in Q3, aided by the i newspaper which boosted revenue by 11% in the same period.
The decline Read full story ›
Source: The Drum
