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SALFORD ADVERTISER TO BE SOLD?
 

Star date: 17th December 2009

Manchester Evening News and Salford Advertiser To Be Sold ?

The Guardian Media Group (GMG), which owns the Salford Advertiser and Manchester Evening News, has admitted that it's in "exploratory talks" about flogging the titles.

Rumours this morning hinted that the Trinity Mirror group, which owns the Daily Mirror, is about to buy all of GMG's regional titles, which include the Manchester Evenings News and Salford Advertiser…

Full story here…


The Guardian Media Group owns about twenty local papers around Greater Manchester, including the M.E.N and Salford Advertiser.

In 2008/9 the Group made an overall loss of £89.8million, compared with a profit of £306m in 2008. And its regional media profits fell to £500,000 from £14.3million the previous year – 100% more than the Salford Star, but not enough to please the huge media company which also owns The Guardian and Observer nationally, and Channel M locally.

Speculation has been rife recently that GMG wanted to offload its local papers and today a GMG spokesman said…

"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."

Having already moved the Salford Advertiser out of Salford and into Manchester, there's now every possibility that the paper's HQ will be moved even further out – if it survives…

 

 

 

 

Disgusted of Lower Broughton wrote
at 03:12:36 on 18 December 2009
Two more crappy papers bite the dust?
 
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