The Week: City News - Shares fall over credit worry

Media companies' shares have been hit by market concerns over global credit. Johnston Press, the regional newspaper group, was worst hit, with shares falling by 5 per cent, while Aegis Group and Daily Mail & General Trust both suffered declines of 3.6 per cent and 3 per cent respectively. Emap, GCap Media and Pearson did not escape unharmed. They endured declines of 1.5 per cent, 2.6 per cent and 2.1 per cent. The market situation has also affected Emap's proposed sale, with private equity companies' ability to borrow cash limited due to the credit fears.