Derby Telegraph and This is Derbyshire to join new media organisation Local World
The Derby Telegraph and www.thisisderbyshire website will be under new ownership from January 1 next year.
Daily Mail and General Trust (DMGT) has agreed to sell its regional publishing arm Northcliffe to Local World.
Local World is a newly-formed media group that will see the Northcliffe titles combine with titles of Iliffe News & Media Limited, owners of papers including the Burton Mail.
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DMGT will retain a 39% stake in the new company, with Iliffe owning 21%, and a third media group Trinity Mirror taking 20%.
The remaining Local World shares will be purchased by other investors, including Artefact Group, an Investment Fund associated with Lord Ashcroft, and Odey Asset Management.
Steve Auckland, chief executive of Northcliffe, will become chief executive of Local World.
He said: "Local World will be a comprehensive local content provider, offering the best and most trusted source of news, views and advertising in print, online and mobile, to its local audiences in the UK.
"The new company will be well-resourced, entrepreneurial, and able to respond quickly to the differing requirements of local communities."
In a letter to employees this morning, Lord Rothermere said "For everyone who works at Northcliffe, we believe Local World, with DMGT as its largest shareholder and led by Steve Auckland as Chief Executive, will be a good guardian of these assets. It is acquiring this business to expand it. The new company will also seize new opportunities in the fast-growing world of digital information".
Comments
by Filnzero
Wednesday, November 21 2012, 4:00PM
“Dave 12548 - Correct! We need articulate, ACCURATE, relevant reporting. Less of the bygone ear. A local news provider that will keep the people informed about what is happening to our City and County and the implications it will have on the people who live in one of the best areas of the country. A powerful lobbying tool that will put local issues in the face of accountable people. LESS of the parochial dross and of course this Paul Mackenzie waffle. No adverts on the front page....News...please ...If there is no local news then a local view on important national and international happening and events.....................too much to ask?.....too much to read?...........not enough pretty pictures?”
by Antony_Rol
Wednesday, November 21 2012, 3:14PM
“by Monsieur_LupoWednesday, November 21 2012, 2:01PM
"Two words Antony_Rol - Hear, hear!
Actually Lupo, thats one word, repeated ;)”
by Monsieur_Lupo
Wednesday, November 21 2012, 2:24PM
“Woah. Easy on the hypocrisy there John!”
by Georgiesmum
Wednesday, November 21 2012, 2:23PM
“Does this mean we will have less of the Daily Mail style reporting?”
by Monsieur_Lupo
Wednesday, November 21 2012, 2:01PM
“Two words Antony_Rol - Hear, hear!
Add - no more reporing results of pointless on-site polls in the paper as if they mean something.”
by Antony_Rol
Wednesday, November 21 2012, 1:25PM
“my wishlist for change -
- no more Victoria Martindale guff
- no more paul Mackenzie guff
- some reporters that actually know, or research the area they are writing about, so they get correct areas, street names etc
- no more of these little green advertising links spread throughout the online stories
- a proper comments facility that has stonger measures in place to prevent the high level of trolling and nonsensical or abusive comments by repeatedly banned 'contributors'”
by dave12548
Wednesday, November 21 2012, 1:09PM
“Good, lets hope that there will be a vast improvement and that they get rid of the Paul Mackenzie slot and focus on reporting the news rather than promoting has beens.”