Johnston Press plunges after ‘no sale’

THE Johnston Press share price has plunged after it shelved plans to sell its 13 Irish newspaper titles.

The company failed to attract offers of an acceptable value to its board.

In confirming the termination of the sale process, the Edinburgh-based regional newspaper publisher said: “While there was considerable interest shown from both trade and financial buyers, the board decided that it was not a sufficiently high price to be in the company’s best interest.”