JPIMedia sells printing plants to Daily Mail owner
JPIMedia has confirmed it has sold its printing press operations to dmg media, the ultimate owner of the Daily Mail.
The move comes just weeks after JPIMedia was put up for sale by its owners.
In an email to staff today, CEO David King wrote: “I recently wrote and told you that we had initiated a process to explore our options to sell the business.
“As I have previously said, it is the nature of these processes that they are conducted confidentially, and despite speculation and rumour it has not been possible to provide you with any details on progress.
“I can now confirm that at midnight on 17th October, dmg media has acquired JPIMedia Print Holdings Ltd and its subsidiaries which together own our three print sites. dmg media will continue to print our newspapers at Portsmouth, Dinnington and Carn.
“Terms and conditions of employment of staff at the print business are not affected. David Crow, David Smith and the print team will all transfer with the business.
“I will update you further on progress with the regional newspaper business process in due course.”
JPIMedia sold the i newspaper to dmg last year, but chose not to dispose of its regional titles, which include the Yorkshire Post, Scotsman and Sunderland Echo among more than 100 brands.
There are rumoured to be two bidders for the regional operations, one led by former Local World boss David Montgomery, called National World, while other is said to be the new owner of Archant. However, nothing has been confirmed.
Reach, the largest regional publisher in the UK, has confirmed it isn’t bidding to buy JPIMedia. It has instead focused on launching its own digital brands in news areas, including several competing directly with JPIMedia in areas such as Edinburgh, Yorkshire, Sussex, Northamptonshire and Hampshire.