Thursday, October 11, 2018


The beleaguered management team at Johnston Press has thrown in the towel and put the "For Sale" signs up. The regional press group, with some jewels in its tarnished crown - including The Scotsman, The Yorkshire Post and the 'i' - has a £220m bond due for repayment next June, but must have run out of re-financing options, under CEO David King (former CFO of BBC Worldwide). The share price has been dithering around 3p for some months - in theory, you could buy the whole lot for £3.5m.

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