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June 20, 2007

Ad income on the up for regional giant Johnston

By Dominic Ponsford

UK regional newspaper giant Johnston Press has an announced an improvement in its business since the first nine weeks of the year.

On 7 March it revealed advertising revenues down 2.9 per cent year-on-year.

But today the group revealed the same figure was down 2.3 per cent for the five months to June 2 ‘despite a very slow Easter holiday period and the adverse impact of the parliamentary election in Scotland”.

Johnston said: ‘Property remains the only print category of advertising to grow year-on-year, however, the overall decline in employment is now significantly lower with some regions seeing growth.

‘Whilst revenues continue to fall in motors, display and other classifieds categories, the declines are less than those experienced in the second half of last year.”

Digital revenues were said to be up 34.7 per cent year-on-year.

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