Embattled Johnston Press refinances

Johnston Press released its delayed full year results and they were not worth waiting for, as a slump in advertising revenues led to a collapse in profits.

Johnston Press released its delayed full year results and they were not worth waiting for, as a slump in advertising revenues led to a collapse in profits.

The owner of The Scotsman and Yorkshire Post newspapers had put back the release of its results because it had been busy negotiating with its lenders over an extension of its credit facilities.

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