REGIONAL newspaper publisher Johnston Press saw its profits more than halve last year after advertising revenues dropped by 12.7%.

The Edinburgh-based owner of the Yorkshire Post, Sheffield Star, Halifax Courier and the Scotsman, saw pre-tax profits fall to £12.6m from £28.4m on revenues that were down to £328.7m from £373.8m in the 52 weeks to December 29.

The group said that the challenging trading environment seen in the second half of 2012 continued into the start of 2013 with total advert......for the full story register now for free or login below...