Johnston Press abandons sale of Irish titles

Newspaper publishers Johnston Press and Trinity Mirror reported more advertising pain today, but offered a glimmer of hope amid signs revenue declines are bottoming out.

Johnston Press, which owns The Derry Journal and Leinster Leader, noted “greater stability over recent weeks” as advertising revenues fell 34.4% in the 19 weeks to May 9, easing from the near-36% plunge seen over the first two months.