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Johnston Press Looks To Digital As Losses Pile Up

  • The Drum, Thursday, April 26, 2012 3 AM

As it aims to place digital at the heart of its operations, Johnston Press has revealed a loss of £143.8 million, while advertising revenue continued to fall by 9%. The company has said that the substantial loss was due to 'the impairment of the value of publishing titles of £163.7m, compared with the charge of £13.1m in 2010.' To reflect the move to centre its core offering around digital content in the future, Johnston Press saw digital advertising revenue grow by 0.7%, following the launch of online business listing directory Find it and local voucher website DealMonster.

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