Johnston Press has seen its overall advertising revenues increase by 0.2% with like-for-like UK print advertising revenues declining by 0.8% in the second half of the year.
During the first half, the equivalent figures were reductions of 1.5% and 2.9% respectively. Advertising revenues in the Republic of Ireland declined by 1.2%, compared to the growth of 10% in the first six months, a reflection of the recent slowdown in the local economy which has particularly impacted the property market, said Johnston Press.
Newspaper sales revenue continues to grow on a like-for-like basis with increased cover prices more than off-setting declines in circulation. To date, its second half circulations are declining at a slightly lesser rate.
Overall, digital revenues continue to grow strongly, up by 35.3% in the period, benefiting from the increased investment committed at the start of the year.
The integration of the Scottish titles acquired from Archant Limited has now been successfully completed and is delivering cost savings ahead of plan, the company added.
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