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UK Press Gazette are today reporting: Johnston Press has identified "a number of brands" that are not "part of its long-term future" and put them up for sale.
The regional newspaper publisher has not named the titles, but said a "process has been initiated to explore the sale of these assets to identified parties".
Asked for more details about which titles have been put up for sale, a Johnston Press spokesperson said: “We have a very clear portfolio strategy this year and will be focusing on three key areas that can help us return to overall growth: audiences (delivering the right content and advertising to the right audiences); geographies (focusing on our brands which are in markets where there is potential for growth) and serving our higher-yielding customers ever better to ensure we get our local display advertising business back to growth (our national advertising business, helped by the 1XL digital advertising network, is already in growth).
According to Johnston Press's accounts, it had 254 publications as of 31 December 2014:13 daily newspapers, 193 paid-for weeklies, 38 free titles and ten lifestyle magazines.
The publisher closed a number of titles - 18, mostly free weeklies, according to Press Gazette's research - towards the end of last year.
In a trading update issued this morning, Johnston Press said: "As part of the group's portfolio review, a number of brands have been identified that are not part of its long-term future, as they fall outside its selected markets, or do not match the audience focus, or do not offer the levels of digital growth sought by the group. A process has been initiated to explore the sale of these assets to identified parties.
"If the disposal process is successful in realising appropriate value for the assets, proceeds will be used to fund on-going investment in preferred markets and to further deleverage the group."
FULL STORY: http://www.pressgazette.co.uk/johnston-press-puts-number-brands-not-part-long-term-future-sale
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