Page last updated at 10:13 GMT, Wednesday, 12 May 2010 11:13 UK

Election nerves hits advertising at Johnston Press

Generic image of newspapers
Johnston expects to make further cost savings this year

Newspaper group Johnston Press has said uncertainty over the general election hit spending on advertising last month.

The Edinburgh-based company reported advertising sales for the first four months of the year down by 7.1%, compared to 12 months ago.

Johnston said advertising over the first three months was stable but was "subdued" in April, due to the general election.

The group said it expected sales to pick up again from the summer.

Johnston Press owns the Scotsman and the Yorkshire Post and hundreds of local papers.

In its latest management statement, the group reported that the key areas of focus for the group were management of costs and cash.

It said it expected to make total year-on-year cost savings this year of at least £15m, an increase from the £10m it previously stated.

The group said that it had no plans to close any of its titles but warned there would be job losses.

Earlier this year Johnston Press reported a 56% fall in full year pre-tax profits to £43m.



Print Sponsor


SEE ALSO
Profits halve for Scotsman owners
11 Mar 10 |  Scotland
Websites start charging for news
30 Nov 09 |  Business
Johnston Press reports 94m loss
28 Aug 09 |  Scotland
Scotsman talks 'in early stages'
24 Aug 09 |  Edinburgh, East and Fife
Banks grant Johnston Press time
29 Jun 09 |  Scotland

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific