Written by Jonathan Walker
Johnston Press recently published its interim results for the first six months of the year, showing an increased profit and operating profit of 19.5 per cent.
Operating profit was £40.05 million, up from £38.2 million compared to the previous year, on a turnover of £207.3 million.
As I've pointed out before, newspaper revenues may be falling but profit margins continue to be much higher than in most other industries.
Print advertising revenues fell by £8.4 million while digital revenues rose by £1 million, but it's important to note that digital revenues, at £10 million, are still much lower than print advertising revenues at £124.1 million. Johnston also raised £49.1 million from newspaper sales.
Johnston publishes 18 daily papers, including the Yorkshire Post, and 253 weeklies.
4 days ago