Regional newspaper’s turnover drops from €3.9m to €2m over one year

THE publisher of the Limerick Leader newspaper saw turnover fall from €3.9 million in 2009 to just over €2m last year.

Limerick Leader Ltd — which publishes the weekly newspaper and is one of the holding companies of newspaper publishing group, Johnston Press — did not elaborate further on its profitable status, beyond the turnover figure and a brief follow-up statement in accounts just filed.

The directors said that they believe that the company is “well placed” to manage its business risks successfully despite the current uncertain economic outlook.