"UK's biggest local newspaper owner says it wants to focus on paying down debt, as analysts question value of plan. Johnston Press has said it does not intend to join David Montgomery's regional newspaper venture, Local World, as some senior industry executives question whether the rival business will have the scale to compete. Ashley Highfield, chief executive of Johnston Press, the UK's biggest regional newspaper owner, said that his focus is on strengthening its debt-laden balance sheet." (Quoted from article)