The Regional newspaper group has seen advertising revenues drop 9.5% during the first half of 2008, compared with the same period the previous year.
Total revenue fell 6.3% to £293m for the first six months of 2008, year on year, while operating profit fell 15.6% to £81.6m. Digital revenues grew by 52.1%.
The company said it has cut costs by £7.6m in the first half and will continue to actively do so.
Johnston Press chief executive, Tim Bowdler said: "Advertising trends have continued to deteriorate over the course of the year, and future performance will inevitably be linked to the economies of the UK and to a lesser extent that of the Republic of Ireland."
He added: "In response to the current challenging circumstances, we continue to actively manage our cost base to achieve productivity gains and in a manner which will protect the long term prospects of the group. We expect to deliver a result reflective of these initiatives and the difficult market conditions."
Johnston Press publishes 18 daily and 300 weekly local UK newspapers including The Scotsman and the Yorkshire Evening Post.
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