Johnston Press profit nearly halves

Media group Johnston Press said profit before tax and non recurring items almost halved in the first half of 2012 as print advertising revenues slumped.

Media group Johnston Press said profit before tax and non recurring items almost halved in the first half of 2012 as print advertising revenues slumped.

The owner of The Scotsman and Yorkshire Post said adjusted pre-tax profits fell to £8.06m in the 26 weeks ended 30 June 2012 from £15.7m the same time a year earlier. Total revenue was down 8.2% year-on-year.

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