Profits up following IoM Newspapers sale

Johnston Press claims trading has improved

Former Isle of Man Newspapers owner Johnston Press claims trading has 'improved' following its sale of the titles.

The publisher completed a £4 million deal for Island weeklies The Independent, The Examiner and The Courier - along with website iomtoday - in August.

They're now owned by Surrey-based Tindle Newspapers.

Johnston says following the 'successful disposal' of Manx titles, it's continuing to explore opportunities to sell off other news brands.

Since purchasing The i newspaper in April, circulation revenues for the group are up 18% - but total group revenues have fallen by 3.2% year on year for July-October.

Isle of Man Newspapers recorded a gross profit just below £600,000 in 2015.