News International has agreed to pay regional newspaper Johnston Press publisher £30m in exchange for terminating a long-term print contract between the pair.

In a statement Johnston said:"Johnston Press plc one of the leading multi-platform community media groups in the UK and Ireland, announces that it has reached agreement with News International in exchange for a payment to Johnston of £30m to terminate NI’s long term printing contracts at Johnston’s Dinnington (near Sheffield) and Portsmouth facilities.

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