BusinessPeople In BusinessJohnston Press headlines new FD

Johnston Press headlines new FD

Grant Murray joins newspaper group with advertising revenues in decline

REGIONAL NEWSPAPER group Johnston Press has appointed a new finance director in Grant Murray, who joins the business from Guardian Media Group.

Murray, 46, has also worked at Channel 5 and United Business Media in senior roles.

John Fry, Johnston’s chief executive, said: “His impressive credentials with substantial senior financial experience within the media sector will serve us well in the future”.

Murray succeeds Stuart Pearson who quit to pursue other business interests in October last year.

Johnston has not had an easy time of late. In November, the company reported that it expected the decline in advertising revenues to be slightly worse than expected. The company was hit in particular by a loss of advertising from the public sector. However, the company anticipated filling the gap with savings so it could end the year with “satisfactory” results.

Preliminary results for Johnston are due on Wednesday next week.

Shares in the company were up 2.17% today.

*For price information go to the Accountancy Age Share Price Centre.

 

 

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