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Ad Slowdown Prompts Johnston Press Profit Warning

An advertising slowdown at the time of the general election has triggered a profit warning at Johnston Press, the regional newspaper publisher, and wiped a fifth off the company’s share value. The owner of The Scotsman and the Yorkshire Post said that its second-quarter had been “impacted” by a slowdown in trading in the run-up to the poll in May and the aftermath of the Conservative victory. The publisher warned that its full-year profit would fall by about 5.5% as a result of the slip in circulation and advertising revenue.

Read the whole story at The Times »

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