Johnston Press optimistic despite deteriorating trading

Heavily indebted newspaper publisher Johnston Press has reporting 'challenging market conditions' although it expects full-year operating profit performance for 2012 to be broadly in line with current market expectations.

Heavily indebted newspaper publisher Johnston Press has reporting 'challenging market conditions' although it expects full-year operating profit performance for 2012 to be broadly in line with current market expectations.

It said: "Provided that the trading environment does not deteriorate further, with continued achievement of the identified cost savings, increased circulation revenues during the fourth quarter and a growing digital business, we expect full year operating profit performance for 2012 to be broadly in line with current market expectations."

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