Files under General | Jan
27th
An interesting and revealing interview with the young and visionary CEO of Johnston Press:
“The fundamental aspect of the business is that every newspaper in the group has a healthy margin over 20 per cent and all up the business is very profitable. The challenge is, can you migrate that business into the digital realm quickly enough before profits decline.”
My take: Many leading newspaper companies are still very profitable, and investing in the digital future, because there is no other one and no other one strategy: investing the money of the past in the business of the future.
Tags: Ashley Highfield, Johnston Press