Thursday could be critical for investors in beleaguered Johnston Press. With a share price hovering just over 10p, the company is putting a brave face on a downgrade by credit rating firm Moody's, prompted by the company's debt and write-down of asset values. CEO Ashley Highfield told the FT: “The downgrade doesn’t effect our day-to-day trading or our plans for the short or medium term”.
The Audit Bureau of Circulation's figures for regional press (and their digital offerings) for first six months of 2016 are due for publication on 25th August. Last financial year, JP total print circulation fell by 7%.
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