Freddie Johnston to retire from Johnston Press

Freddie Johnston will retire from the Johnston Press at the company's annual meeting in April.

He has served on the company's board for 51 years.

Johnston is the patriarch of the family that founded the newspaper group in 1767.

The retirement of the 75-year old Johnston will leave the press without any family representative on the board for the first time in 243 years.
Johnston's son Michael is a divisional managing director in Scotland.

Johnston Press, which publishes local newspapers and websites in the UK, has been trying to reduce the £424m debt it amassed in a buying spree. But the company scrapped plans for a second rights issue.