Publisher's disputed will could affect the newspapers she loved

A legal battle is being fought over the will of the late newspaper publisher, Deirdre Romanes, that could affect the future of the titles she loved. Romanes, who was chief executive of the Dunfermline Press group, died in 2010 with an estate estimated, according to HoldTheFrontPage, at £4.6m.In her last will, which was drawn up days before she died, she left the bulk of her fortune to the Dunfermline Press - later renamed the Romanes Media Group in her honour - through a trust fund.That arrangement is said to benefit her former husband, Iain Romanes, who separated from his wife in 2001 but continued to be a shareholder and director of the company.The second will stipulated that a payment of £3m should be granted to a trust, which was seen as a way of providing funds to keep the newspapers going.It is being challenged at the court of session in Edinburgh by a sister of Romanes, Elizabeth Smyth, who accuses her former brother-in-law of exerting undue influence on Romanes to change her will.Smyth, who is conducting her own case, claims that the new will cuts her share by 40% compared with a will drawn up two years earlier. The court was told that Romanes, who had cancer, was taking opiate drugs in the last days of her life when she made a new will. But she had periods of lucidity.Romanes, who was 60 at the time of her death, ran the family-owned business which also included Clyde and Forth Press and a number of Irish newspaper titlesThe company went into receivership after... Continue reading at 'The Guardian'

[ The Guardian | 2014-03-03 00:00:00 UTC ]
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