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Johnston Press squeezed by 2008 advertising outlook

Johnston Press, the acquisitive owner of The Scotsman and Yorkshire Post newspapers, signalled yesterday that the advertising slump afflicting the sector had not cut publishers' valuations enough to send it on a buying spree.

Johnston Press, the acquisitive owner of The Scotsman and Yorkshire Post newspapers, signalled yesterday that the advertising slump afflicting the sector had not cut publishers' valuations enough to send it on a buying spree.