03-02-2017 13:06 via thedrum.com

Johnston Press suffers post-Brexit hit but revenue buoyed by i newspaper

Johnston Press’ acquisition of the i newspaper - its only national paper - boosted the publisher’s revenue by 8% in 2016, sparing the publisher from a -14% decline in revenue and -9% decline in circulation.
Instead total revenue was down -6% in the 52 weeks to 31 December 2016, after the publisher suffered a heavy hit in Q3 2016 prompted by a Brexit fallout, leading to a weaker sterling and higher costs of imported paper and ink. Total revenue was down -5% in Q3, aided by the i newsp
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