Johnston Press PLC Update on cost reduction programme (4534B)

TIDMJPR

RNS Number : 4534B

Johnston Press PLC

07 October 2015

Johnston Press plc

7 October 2015

Update on cost reduction programme and notification of trading update

Johnston Press plc ("Johnston Press" or "the Group"), one of the leading local media groups in the UK, announces an update on its digital growth strategy and cost reduction programme.

Last week the Group launched its new responsive website, Scotsman.com. In addition a number of its smaller free print titles have been closed, which will allow the Group to focus resource on its digital offering in those and adjoining markets where the growth potential of digital is stronger.

Eight small free print titles in the Midlands have been closed, and three small free print titles in the North Western and Southern regions have been integrated into paid titles. The company has also renegotiated a number of key contracts, including the outsourcing of its in-house advertising creation team and its advertising production and software development contract. These initiatives are part of the Group's existing cost reduction programme and will deliver part year benefit in the last quarter of 2015, with full year benefits in 2016, as previously planned.

The Company will provide an update on current trading and further details on its portfolio consolidation and cost reduction programme in November.

-ENDS-

Enquiries

 
 Johnston Press 
 Ashley Highfield, Chief 
  Executive                 020 7612 2601 
 David King, CFO            020 7612 2602 
 
 Bell Pottinger 
 Dan de Belder              020 3772 2561 
 Zoë Pocock            020 3772 2574

This information is provided by RNS

The company news service from the London Stock Exchange

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October 07, 2015 02:00 ET (06:00 GMT)

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