Investors have agreed to wipe out more than 60 per cent of the £220m debt owed to them by Johnston Press after taking over the regional publisher through newly-formed company JPI Media today. The bondholders have agreed to extend the deadline for repayment of the outstanding £85m debt to December 2023 and have also announced £35m … Continue reading “Bondholders take over Johnston Press and wipe out £135m in debts but largest shareholder planning legal action”
The chief executive of Johnston Press has reassured staff of a “brighter future” after the company announced it was preparing to enter into administration. Johnston Press is the UK’s fourth largest regional newspaper group publishing titles including the I, Yorkshire Post and The Scotsman. In recent years it has struggled to pay back debt which … Continue reading “UK’s fourth largest regional newspaper group Johnston Press enters administration”
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The Metro is the slowest declining national newspaper in another month of industry-wide slowdown, the latest ABC figures reveal. The free title saw a 1 per cent year-on-year drop to a circulation of 1.45m in October, keeping it ahead of the Sun, which fell by 7 per cent to 1.4m. The Mail, Telegraph and Mirror … Continue reading “National newspaper + online ABCs: Metro sees lowest circulation drop as industry-wide decline continues”
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A judge has granted US news network CNN and its White House correspondent Jim Acosta a temporary restraining order that will see his White House press pass returned. District Court Judge Timothy Kelly approved the temporary return of Acosta’s credentials after CNN filed a lawsuit against President Trump and several of his aides on Tuesday. … Continue reading “Judges orders return of CNN reporter Jim Acosta’s White House press pass after network files lawsuit against Trump”
Foresight News provides a look-ahead to the key events that need to be in your news diary for next week… After the dramas of last week, when the arrival of a draft Brexit agreement prompted the resignations of two cabinet members and raised the threat of a challenge to Theresa May’s leadership, there is no … Continue reading “News diary 19-25 November: Theresa May faced with selling draft Brexit agreement to MPs and Lille hosts Davis Cup tennis final”
Shortlist Media has reportedly stopped printing Shortlist magazine and is rebranding as the Stylist Group. The men’s magazine’s website will continue to operate despite the closure of the free print publication, according to Campaign. But it will focus on product recommendations and making money through affiliate links. Shortlist magazine’s print closure comes after ABC figures … Continue reading “Shortlist shuts print title and rebrands as The Stylist Group, according to reports”
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The parent company of news website the International Business Times has been charged in connection with an alleged $35m fraud which prosecutors say saw funds laundered through an evangelical Christian university. IBT Media, formerly Newsweek Media Group, and its co-owner Etienne Uzac each face two counts of money laundering, four counts of falsifying business records, … Continue reading “Fraud charges filed against IB Times owner in US over alleged part in $35m laundering scheme with Christian university”
Express and Star editor Keith Harrison is stepping down and leaving publisher the Midlands News Association after 25 years. Harrison has spent the last five years editing England’s best-selling regional daily newspaper. He first joined the media group as a senior reporter in 1993. Harrison said in a statement that he had spent “almost half … Continue reading “Express and Star editor Keith Harrison to step down and leave Midlands publisher after 25 years”
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A major city’s fire brigade has raised eyebrows by charging the media for permission to publish its photographs of incidents. The unusual decision to impose a fee for pictures taken by firefighters was made by the fire service in the city of Munich, Germany. It came to light after the Munich Fire Brigade was called upon to … Continue reading “Fire brigade starts charging media for images of incidents”
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Former Daily Mirror photographer George Phillips, who captured the aftermath of one of the UK’s worst train disasters, has died aged 84. Phillips’ most iconic image was that of Reverend John Richards stood among the wreckage of the triple train crash at London’s Harrow and Wealdstone Station in 1952 that claimed 122 lives. He won the … Continue reading “Mirror photographer who captured iconic image in aftermath of 1952 train disaster dies aged 84”
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