Thursday 17 December 2009

GMG confirms 'exploratory talks' on regionals

Following speculation that the Guardian Media Group may be selling its regional newspapers, including flagship title the Manchester Evening News, the company issued a statement today.
It says:“In line with its remit GMG keeps its portfolio under review on an ongoing basis.
“Since the publication of the Digital Britain report we have been considering the potential for further consolidation within the regional press sector, and as part of this there have been some exploratory talks regarding our regional media business.
“However these are at a very early stage and it is not clear whether they will progress or what the outcome is likely to be.”
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