Let's all blame Johnson Press

Who are getting rather a hit today what with the Scotsman website and now the Grey Cardigan who blames the Trinity Mirror pay freeze on the group

Stand back as the rest of the big regional groups gallop to follow suit. These greedy fools are wrecking our industry and inflicting misery on thousands of loyal employees, and all because Johnston Press - through acquisitions and back-of-house synergies - once hit a profit margin in excess of 35 per cent.
When the time comes to record the demise of this great game, that will be identified as the point that it all went tits up.

Slump in advertisng revenues for Johnson Press

Johnson Press have just released their latest figures on advertising and it makes poor reading.

Advertising sales for the 44 weeks to the beginning of October show a drop of 15.5% compared with the previous year.Print advertising fell by over 17% but online revenues are up by 36% but have shown a slowing down in recent weeks in line with the general economic climate.

there were year-on-year declines in property of 48.4%, employment 32.1%, motors 24.3%and display 12.1% on a like-for-like and constant currency basis

More Micro News

It looks like Johnson Press embracing the concept of the niche community media.According to a report on Press Gazette,the Comapny is launching a free publication targeting commuters in Oxfordshire.

"Johnston Press chief executive Tim Bowdler told Press Gazette that the company will continue rolling out free commuter and weekly titles targeted at micro-communities throughout the year.

He said: “What we are trying to do in broad terms is pinpoint people in the community, whether they’re commuters, students or just local people.”