The publisher of newspapers including the ‘i’, The Scotsman and the Yorkshire Post has put itself up for sale.
Johnston Press’s move follows a strategic review. The company has £220m of borrowing due for repayment in June next year.
A decline in traditional and digital advertising revenues has seen the value of its titles fall.
Johnston Press saw revenue fall by 10% in the first half of 2018, although it reported a pre-tax profit of £6.2m.