Media group mulling standalone bid for The Scotsman newspaper



A media group is mulling a bid for The Scotsman newspaper, Scottish Business Insider understands.

It is understood that the would-be bidder, believed to be Dundee-based DC Thomson, is considering a bid for the daily title and its sister papers Scotland on Sunday and the Edinburgh Evening News.

It was announced in September that regional publisher JPI Media was putting itself up for sale for the second time in just more than a year.

JPI Media confirmed to its staff in early September that it has restarted “exploring its options” for the sale of the business which also includes the The Yorkshire Post and a range of regional titles.

It is understood that JPI Media is seeking to sell the papers as a whole rather than breaking the group up.

But one well placed media insider said: “There is a bid being considered for The Scotsman. I don’t know whether it will definitely go ahead but it is being considered.”

The source said that they could see the commercial logic of such a bid.

If it went head it would add the Edinburgh-based to titles to those DC Thomson already owns in Aberdeen, where the have The Press and Journal and Evening Express , and Dundee where TheCourier and Evening Telegraph are sited.

“It would give them strength down the whole east coast of Scotland,” the source said.

JPI Media had previously put itself on the market in July 2019, a move that later resulted in the sale of the i newspaper to Daily Mail and General Trust (DMGT) but in February it said it was no longer actively considering a sale.

But then JPI Media chief executive David King announced to staff in September as it announced the loss of 30 print jobs and the creation of nine digital roles.

King said in the statement then: “We also had a number of interested bidders for the regional business at that time although no sale was completed. That process has been on hold since the onset of Covid-19 and the resulting lockdown.”

In October it was announced that the Daily Mail group DMGT had acquired three newspaper printing sites in Portsmouth, Dinnington in South Yorkshire and Carn in County Fermanagh in Northern Ireland.

National World, a media group formed by David Montgomery is reportedly interested in bidding for JPI Media.

Previous bidders for JPI Media included Reach, the owner of Scottish Business Insider and

insider.co.uk and Newsquest, owner of The Herald and the Glasgow Times, previously the Evening Times.

Since then Reach has a launched new websites in areas where JPI Media titles were previusly the dominant players including South Yorkshire, Sunderland and Northamptonshire.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *