Thursday 22 August 2019

Express owner eyes deal for Scotsman

The Scotsman’s front page. Photo: The Scotsman/PA
The Scotsman’s front page. Photo: The Scotsman/PA
Donal O'Donovan

Donal O'Donovan

The publisher of the UK's Mirror, Express and Daily Star is in talks to buy the company behind The Scotsman and a host of regional titles.

London stock market listed Reach confirmed it is in the "early stages" of talks to buy "certain assets" from JPI Media.

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JPI was created when bondholders took control of the former Johnston Press newspaper empire, after it had filed for bankruptcy protection during 2018.

In June, JPI said it had appointed a financial adviser to "better assess the current and future prospects for the business and its titles" - corporate language effectively inviting offers for the business.

JPI has more than 150 regional titles. Reach did not say which or how many of those assets it was interested in buying.

As well as its UK titles, Reach owns a 50pc stake in the Irish Daily Star, in a joint venture with Independent News & Media, which publishes this newspaper.

Irish Independent

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