Johnston Press ad revenue falls by 8%

JOHNSTON Press has reported a slowing in advertising revenue declines since the halfway point of the year and has said that it is on course to realise cost savings of more than £20 million (€23.5m) for 2011.

The Edinburgh-headquartered regional newspaper publisher — which owns 28 titles in Ireland — said yesterday, via its latest trading update, that total advertising revenue is down by 8%, year-on-year, for the second half of 2011.

This figure compares to a 10% year-on-year decline in the first half of this year.