, Johnston Press profit drops; Olympics to be blamed
Johnston Press, the publisher of 250 regional newspapers, informed that its first-half profits had dropped by 49 percent to £8.06 million as print advertising revenues fell by 12.5 percent. Johnston Press blamed the Olympics, held in UK, for a decrease in print advertising revenues. However the company has informed that it expects that a major digital push should start to yield by the end of 2012.
