Newspaper shares boosted by positive City report

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Shares in the big three publicly listed regional newspaper publishers rallied on Friday, after a vote of confidence from a broker who said newspapers were among the first to recover from a downturn.

The Collins Stewart report noted that although the press was one of the first-hit areas in a recession, it was also one of the earliest sectors to come out of it as firms began advertising again.

Johnston Press gained 26 per cent to 50.75p. Trinity Mirror was up 15.25 per cent to 85p. DMGT rose five per cent to 331.5p.

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