Steady growth at Johnston as advertising revenue rises

LONDON – Johnston Press, the regional newspaper publisher, enjoyed better than expected advertising revenue growth of 4.9% for the five months to November 30.

Steady growth at Johnston as advertising revenue rises

The figure is below the 6% growth rate achieved in the first half, but the board said that the outlook was good for another year of growth in 2005.

In August, the company, which owns the Yorkshire Post and Sheffield Star, reported first-half profits of £77.3m, up 16%.

For the current trading period, newspaper sales revenues grew over the period due to the performance of the weekly titles with their ninth successive year of circulation increases. However, daily title circulation remained in decline, "in part reflecting a further reduction in bulk sales".

The advertising breakdown showed that growth in property advertising increased compared with the first half. The rate of growth in employment and display advertising slowed, and motor advertising contracted slightly. Classified advertising grew at a similar rate to the first half.

Shares in Johnston Press were up 2.89% to 534p after the announcement.

If you have an opinion on this or any other issue raised on Brand Republic, join the debate in the .

Topics

Market Reports

Get unprecedented new-business intelligence with access to ±±¾©Èü³µpk10’s new Market Reports.

Find out more

Enjoying ±±¾©Èü³µpk10’s content?

 Get unlimited access to ±±¾©Èü³µpk10’s premium content for your whole company with a corporate licence.

Upgrade access

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an alert now

Partner content