Johnston Press recently published its interim results for the first six months of the year, showing an increased profit and operating profit of 19.5 per cent.

Operating profit was £40.05 million, up from £38.2 million compared to the previous year, on a turnover of £207.3 million.

As I've pointed out before, newspaper revenues may be falling but profit margins continue to be much higher than in most other industries.

Print advertising revenues fell by £8.4 million while digital revenues rose by £1 million, but it's important to note that digital revenues, at £10 million, are still much lower than print advertising revenues at £124.1 million. Johnston also raised £49.1 million from newspaper sales.

Johnston publishes 18 daily papers, including the Yorkshire Post, and 253 weeklies.