National World acquires local newspaper titles

Standard list shell National World (LON: NWOR) is acquiring JPI Media Publishing, which is the core of the previously quoted Johnston Press. It appears to have a bargain on its hands if it can reconfigure the business and reduce the dependence on revenues from the printed editions.

At the end of 2018, Johnston Press was placed in administration and the business was acquired by its bondholders.

National World is paying £10.2m and no debt is being taken on. JPI Media Publishing is the third...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.