Monday 24 August 2009

Scotsman bid talks at 'early stage'

BBC News reports today that the Scottish businessmen considering a bid to buy The Scotsman newspaper from Johnston Press have said discussions are at an early stage.
It says: "a source close to the initiative said talks have only been informal, and that speculation about the outcome was premature. But it was confirmed that the group is interested in buying if the title and its Scotland on Sunday stablemate come on the market."
The Sunday Times revealed yesterday that the men considering a bid for the newspapers are Martin Gilbert, chief executive of Aberdeen Asset Management and chairman of First Group; Ben Thomson, chairman of the Noble Group finance house and of the Reform Scotland think tank; and Mark Shaw, chief executive of Hazeldene Group property developers.
A Johnston Press spokesman said: "Having terminated discussions on the Irish disposal process some months ago, there are no further disposal plans underway."

No comments: