October 11, 2018 / 6:20 AM / in 12 days

Struggling publisher Johnston Press puts itself up for sale

LONDON, Oct 11 (Reuters) - Johnston Press, the publisher of The Scotsman, The Yorkshire Post and “i”, put itself up for sale on Thursday after it reviewed its finiancial situation, which includes a large debt repayment due next year.

The company said in August it was trying to grapple with tough market conditions affecting the performance of its newspapers and websites, pension obligations and the weight of its debt.

It has 220 million pounds ($290.7 million) of borrowing due for repayment in June.

$1 = 0.7568 pounds Reporting by Paul Sandle; editing by Sarah Young

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