Johnston Press: rescue plan for Scotsman newspaper group

The company will continue to publish more than 200 titles but the deal has been criticised by its largest shareholder and the NUJScores of local newspapers as well as titles including the i, the Yorkshire Post and the Scotsman, will continue to publish after its troubled owner agreed a deal to secure its future – only a day after the company entered administration. But thousands of employees will be worse off under changes to their pension plans.Johnston Press, which was founded in 1767 and owns more than 200 titles in print and online, was crippled by debts of more than £220m – blaming its financial woes on the threat to digital advertising from tech giants such as Google and Facebook. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2018-11-17 00:00:00 UTC ]
News tagged with: #tech giants #digital advertising #financial woes #yorkshire post #local newspapers #rescue plan #johnston press

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