Johnston Press confirms late discussions with Iliffe Media

14th Nov 2016 07:58

(ShareCast News) - Johnston Press confirmed on Monday that it is in late discussions with Iliffe Media about the potential disposal of certain titles.The company, which completed the £4.25m sale of its Isle of man titles to Tindle Newspapers back in August, has previously announced that as part of its portfolio review, a number of brands had been identified that were not part of its long-term future and a process has been initiated to explore the potential sale of these assets to identified parties.Johnston, which released the statement in response to a report in The Sunday Times, said the disposal process is ongoing and a further announcement will be made when appropriate."Shareholders are advised that there can be no certainty that the disposal process will lead to any definitive agreements concerning any possible disposals or as to the timing or terms of any such agreements."