Share
Go down
jo anne
jo anne
Posts : 4064
Join date : 2015-06-04

Wigan Today For Sale

on Sun Oct 14 2018, 17:44
@BBCDouglasF:

Breaking: Johnston Press, Edinburgh-based publisher of ‘i’, @thescotsman @yorkshirepost + >200 local titles, has spent 18 months trying to refinance its £220m debt. No success, so concluded it has to put itself up for sale. All of it. Recent market valuation: £3m

@NathanGMurray (Cllr for Bryn Ward):
If the entire @Johnston_Press group, which owns almost 200 regional newspapers, has a stock market valuation of less than £3m, what does that say about the value of @WigToday and other local titles?
jo anne
jo anne
Posts : 4064
Join date : 2015-06-04

Re: Wigan Today For Sale

on Sun Oct 14 2018, 17:49
Should the thread title have been:

‘Good Buy Bays and Grils?’ Question
Corky Ringspot
Corky Ringspot
Posts : 53549
Join date : 2013-12-04
Location : Up a nick in Russia

Re: Wigan Today For Sale

on Sun Oct 14 2018, 17:57
@jo anne wrote:Should the thread title have been:

‘Good Buy Bays and Grils?’ Question

Very Happy Very Happy Very Happy


The thought of job losses saddens me.

But I have to be honest and say I no longer buy the Evenig Post (as was). I don't really think too much of their online offerings. Can't remember the last time I even read the Wigan Observer. I really used to enjoy it, but I found myself paying just to mainly read Geoff Shryhane's column. Maybe if I had interest in the sports sections it would be different.
Mac
Mac
Posts : 50144
Join date : 2013-12-06
Location : Here!

Re: Wigan Today For Sale

on Sun Oct 14 2018, 18:05
It's been trawling the internet for stories for a while. Too much for too little. Hope a buyer is found, and one that brings news to the place.

_________________
Wigan Rejects. Everything Wiganworld wants to be.
Corky Ringspot
Corky Ringspot
Posts : 53549
Join date : 2013-12-04
Location : Up a nick in Russia

Re: Wigan Today For Sale

on Sun Oct 14 2018, 18:13
Too much for too little really sums it up, Mac.


Maybe social media has killed it off. I don't know the answer.
jo anne
jo anne
Posts : 4064
Join date : 2015-06-04

Re: Wigan Today For Sale

on Sun Oct 14 2018, 19:55
Lisa Nandy - @lisanandy:

Local papers are often the only place where local politicians are held accountable and local issues are debated. At best they shape and reflect the identity of our towns and uncover major national stories. Their demise should be a cause of national concern
Mac
Mac
Posts : 50144
Join date : 2013-12-06
Location : Here!

Re: Wigan Today For Sale

on Sun Oct 14 2018, 20:01
Agree, but papers like the free one (I forget it's name now as I haven't seen it in many years) is printed purely to be able to stave off competition. The Observer is full of ads, and the evening post (comes out in the morning) is bereft of anything of note.


Last edited by Mac on Fri Nov 16 2018, 22:27; edited 1 time in total

_________________
Wigan Rejects. Everything Wiganworld wants to be.
jo anne
jo anne
Posts : 4064
Join date : 2015-06-04

Re: Wigan Today For Sale

on Fri Nov 16 2018, 22:23
@Y_ForvargueMP:
Just hearing the news that the owners of @WigToday going into administration - desperately sorry for staff and all associated with @Johnston_Press
Mac
Mac
Posts : 50144
Join date : 2013-12-06
Location : Here!

Re: Wigan Today For Sale

on Fri Nov 16 2018, 22:27

_________________
Wigan Rejects. Everything Wiganworld wants to be.
avatar
Him
Posts : 641
Join date : 2017-06-27

Re: Wigan Today For Sale

on Fri Nov 16 2018, 22:31
Redundant before Christmas. Very sad
Admin
Admin
Admin
Posts : 45410
Join date : 2013-12-04

Re: Wigan Today For Sale

on Fri Nov 16 2018, 22:34
Feel sorry for the staff.
Sir Bob
Sir Bob
Posts : 6949
Join date : 2013-12-07

Re: Wigan Today For Sale

on Fri Nov 16 2018, 22:35
The rot started in 1984 when the 'Post & Chronicle' was closed, it was owned by the Lancashire Evening Post, but was run as paper in it's own right, being printed at Brock Mill, which was down Leyland Mill Lane, they had a 'Pink' on Saturday and sold loads of copies, but in the early 1980's the price of wood pulp, newsprint, went expensive and it hit profit margins.

The Wigan Evening Post, was redistributed in place of the Post & Chronicle as a Wigan edition of the Lancashire Evening Post, the first few editions, only the front two and back two pages, were about Wigan, the rest of the paper being mainly about Preston and over time more Wigan pages were added, but it was never a patch on the Post & Chronicle and it became full of adverts.

Shite, just about summed up what it became like ...
Admin
Admin
Admin
Posts : 45410
Join date : 2013-12-04

Re: Wigan Today For Sale

on Sat Nov 17 2018, 09:21
From the Telegraph

The embattled publisher of The Scotsman, The Yorkshire Post and the i newspaper is applying for court approval to appoint administrators and execute a pre-packaged sale to a new holding company controlled by the New York hedge fund GoldenTree Asset Management.

Mr King said all employment contracts would be transferred to the holding company and staff would continue to be paid as normal.



Mac
Mac
Posts : 50144
Join date : 2013-12-06
Location : Here!

Re: Wigan Today For Sale

on Sat Nov 17 2018, 12:13
A glimmer of hope there then.

_________________
Wigan Rejects. Everything Wiganworld wants to be.
Admin
Admin
Admin
Posts : 45410
Join date : 2013-12-04

Re: Wigan Today For Sale

on Sun Nov 18 2018, 10:49
Temeluchus
Temeluchus
Posts : 6593
Join date : 2014-01-10

Re: Wigan Today For Sale

on Mon Nov 19 2018, 22:04
JPI media is the same company as Johnston Press?
Sir Bob
Sir Bob
Posts : 6949
Join date : 2013-12-07

Re: Wigan Today For Sale

on Tue Nov 20 2018, 08:52
Poppycock!!!!

It has been bought by asset strippers, which means that it must have some assets Very Happy

Staff will be sacked and company pension scheme will be wound up, as the rich get richer and the poor get poorer No
Mac
Mac
Posts : 50144
Join date : 2013-12-06
Location : Here!

Re: Wigan Today For Sale

on Tue Nov 20 2018, 16:10
Facebook suggest they may be inn line to help as it's mostly their fault for being popular.

_________________
Wigan Rejects. Everything Wiganworld wants to be.
Sponsored content

Re: Wigan Today For Sale

Back to top
Permissions in this forum:
You cannot reply to topics in this forum