Public sector cutbacks send job ad revenue tumbling at Johnston Press

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Regional newspaper publisher Johnston Press this morning reported advertising revenues down 10.6 per cent year on year in the 18 weeks to 7 May.

It reported that public sector cutbacks have had a “significant effect” – with recruitment advertising down 30.7 per cent year on year.

The share price this afternoon was just under 8p – down from a high four years ago of more than £4.50 per share, as this graph from Yahoo Finance shows.

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