Johnston Press employees in Ireland have received notices informing them that the terms of their employment contracts will be switched to a new company, Formpress Publishing Ltd, later this week.They believe it to be a precursor to the publisher's newspapers being sold to the company, which was incorporated in Dublin on 31 January. Its directors are listed as Marian Hayes and Kieron Patrick Hayes. Johnston Press confirmed in December that it was "at an advanced stage" in discussions for the sale of its Irish division for €8.5m (£7m) in cash. It added at the time: "There can be no certainty that agreement will be reached on a sale; a further announcement will be made as appropriate."It followed an article in the Sunday Times in Ireland, which said JP was "in advanced talks" to sell its 14 Irish titles to Iconic Newspapers, a company run by British advertising executive Malcolm Denmark. It would appear that Formpress is being used as a vehicle by Johnston Press to enable a sale, possibly to Denmark's company, possibly to another buyer.In 2005, Johnston paid about £115m to acquire regional and local papers in the Republic, such as the Limerick Leader, Donegal Democrat and Kilkenny People.The sell-off is part of the strategy being pursued by Johnston's chief executive, Ashley Highfield, as he seeks to ease the burden of the company's £300m debt pile.Johnston's newspapers in Northern Ireland, such as the Derry Journal and the Ballymena Times, are not included in the sale.A... Continue reading at 'The Guardian'
[ The Guardian | 2014-02-11 00:00:00 UTC ]
But Simon Fox might like to reconsider whether that New Day title is right...So two newspaper publishing chiefs who have made much of a pursuing a digital future are showing a renewed, and touching, faith in print.Trinity Mirror’s Simon Fox is overseeing the launch of a new daily while Johnston... Continue reading at The Guardian
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Ashley Highfield says the ‘economics’ of digital news require the publisher to rely more on a ‘fluid’ selection of contributorsJohnston Press chief executive Ashley Highfield has warned that the number of full-time journalists working across the group’s local titles will fall from its current... Continue reading at The Guardian
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Johnston Press employees in Ireland have received notices informing them that the terms of their employment contracts will be switched to a new company, Formpress Publishing Ltd, later this week.They believe it to be a precursor to the publisher's newspapers being sold to the company, which was... Continue reading at The Guardian
[ The Guardian | 2014-02-11 00:00:00 UTC ]
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Boston Globe executive to take new post of chief digital and product officer at Scotsman and Yorkshire Post publisherJohnston Press has hired Jeff Moriarty, one of the Boston Globe's top digital executives, in the newly-created role of chief digital and product officer.Moriarty, who joins the... Continue reading at The Guardian
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Johnston Press is trying to dispose of its Irish newspapers. According to the Sunday Times in Ireland, the company "is in advanced talks" to sell its 12 Irish titles to the British advertising executive Malcolm Denmark.The indebted publisher paid about £115m in 2005 to acquire the stable of... Continue reading at The Guardian
[ The Guardian | 2013-12-02 00:00:00 UTC ]
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