Monday, February 9, 2009

KPMG called in to restructure Johnston Press

KPMG has been appointed to restructure the debts of regional newspaper group Johnston Press.

The immediate task is to refinance Johnston’s bank facilities which are due to expire in September 2010.

Like many media outlets, the publisher of the Scotsman and the Yorkshire Post has suffered a sharp decline in advertising revenue in line with slower UK economic growth.

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