The regional newspaper publisher Newsquest is in exclusive talks with rival Archant about a takeover that would unite the publishers of the North Wales Pioneer and the Eastern Daily Press.
According to the FT the hedge fund-backed US newspaper group known for hollowing out American newsrooms in its pursuit of cost cuts has proposed a takeover of USA Today owner Gannett, valuing the company at $1.4bn.
Newsquest, the UK’s second-biggest regional newspaper group, has held takeover talks with Archant, owner of titles including the Ham & High in London and anti-Brexit paper the New European, as consolidation continues to sweep the industry. However, the talks apparently ended in part due to reticence from Newsquest’s parent Gannett
One of the last big family-owned newspaper publishers in the UK, CN Group, is being sold to US-owned regional publisher Newsquest The group has been helmed by four generations of the Burgess family and boasts a newspaper history going back 200 years to the Carlisle Patriot. John Burgess, great grandfather of current CN Group chairman Robin Burgess, became the newspaper’s editor in 1868
The titles involved in the deal include the daily Leader (covering Wrexham and Flintshire), the Chester Standard, Powys County Times, Denbighshire Free Press, Whitchurch Herald and North Wales Chronicle.
The erosion in print ad sales kicked off at the beginning of 2016 and did not let up. In the fourth quarter alone, print sales dropped 20 per cent at the New York Times and at McClatchy, operator of 29 US daily papers. Gannett, owner of USA Today, reported a 15 per cent fall in the US and a 14 per cent decline at Newsquest, its UK chain. News Corp said the fall in print dragged total ad revenue down 29 per cent at News UK (publisher of The Sun and The Times), 20 per cent at Wall Street Journal publisher Dow Jones and 12 per cent at its Australian papers. The Financial Times and Tronc, the owner of the Los Angeles Times and Chicago Tribune, have also been hit.
Newsquest Media Group yesterday announced the acquisition of the Forestry Journal and essentialARB publications.
Newsquest Media Group, one of the leading regional media groups in the UK, announced today that it has acquired Romanes Media Group, for an undisclosed sum. Romanes is a local news publishing business operating in Scotland, Berkshire and Northern Ireland. The Romanes newspaper portfolio comprises one daily, 19 weekly paid-fors and nine weekly frees, and […]
Three of the UK’s four large regional newspaper groups are to pool their digital advertising space, giving brands access to more than 50 million online readers as they attempt to fight back against the drain of ad spend to tech companies such as Microsoft, Google and Facebook
Regional newspaper company’s adjusted profits last year fell to £67.3m, and parent company Gannett UK’s titles dropped 5.4%
Gannett, the parent of Newsquest, saw its second-quarter profits rise 84% alongside a 12% increase in revenue compared to the same period last year
Gannett, the parent of Newsquest, saw its second-quarter profits rise 84% alongside a 12% increase in revenue compared to the same period last year
