Saturday, September 24, 2016

Who's zooming who ?

The switchback roller coaster ride that is the Johnston Press share price continued at the end of the week.

At 2.30pm on Thursday, it was loitering at 15.5p; by close on Friday it was up to 21.5p.

JP CEO Ashley Highfield, who just happens to be Chairman of the News Media Association, tweeted an NMA think piece on Thursday, calling for Government action on the 'digital news value chain',which argues that newspapers aren't getting a fair return for their investment in journalism. Other investors noted JP plans to 'market test' an office block in Sheffield, currently home to 400 hacks. Bloomberg thinks activist investment fund Crystal Amber may want to push JP into more debt re-structuring. Whatever next ?

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