Former BBC technology boss Ashley Highfield is having a torrid time running Johnston Press. The company's half year results revealed a move to write down its assets (titles and printing presses) by almost half, and that sent the share price further down - to 11.62p before this morning's trading. In April, when Ashley sold 6,802 shares, they were worth 41p. In May last year, Ashley sold 171,000 shares at 151p each.
The market now values the company at £12.2m - just over half the price Ashley paid to the Lebvedevs for the tabloid 'i' in February.
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