Showing posts with label National World. Show all posts
Showing posts with label National World. Show all posts

Thursday, May 29, 2025

News: Former editor lambasts National World for "ripping apart" Rotherham Advertiser

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Historic independent weekly title, the Rotherham Advertiser, has new owners again after British multimedia company, National World plc, was acquired by a major shareholder.

The editor, who left the paper during National World's ownership, described the company as "wolves" in a post on social media.

Listed on the London Stock Exchange, National World plc became operational with the acquisition of JPIMedia (formerly Johnston Press) for £10.2m in 2021. Titles include The Scotsman and the Yorkshire Post, and locally, The Sheffield Star. In 2023 it added the Rotherham Advertiser, buying it for an undisclosed sum from Regional Media Ltd.

Last year, Media Concierge announced plans to acquire the shareholding of the plc in a deal worth £65.1m that involved the creation of a new privately owned company.

Media Concierge is an independently owned media group providing local marketing solutions at scale across the UK and Ireland.

The strategy is to focus on local news with stock exchange documents setting out that it will "continue and accelerate National World’s strategy to grow its monetisable audience. This will be achieved by concentrating on local and regional audiences, improving the user experience of the websites and ensuring that adequate news gathering and technical resources are available and properly directed to drive traffic and user loyalty.

"Whilst Media Concierge accepts the shift to online news consumption it also remains committed to preserving the printed products for the foreseeable future."

The takeover triggered a legal confrontation between Media Concierge and National World with a court approving the deal recently.

National World made claims of a "potentially systemic pattern of historical invoicing irregularities in relation to the activities of entities within the Media Concierge Group" with Media Concierge claimed to be "inappropriately withholding revenues due to National World totaling £4.4m in respect of certain contracts with entities in the Media Concierge Group which had been terminated."

Media Concierge "has continued to deny invoicing irregularities and argue that the withheld revenues are subject to a substantial counter-claim for breach of contract in excess of the £4.4m amount."

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Added into the situation is the plight of local journalists. The National Union of Journalists (NUJ) says that since National World took over the former JPI Media, the strategy of executive chairman David Montgomery saw "an estimated 25% of editorial jobs cut across the business, with remaining journalists reporting that they are overworked, experiencing stress from the workload, and that they are set arbitrary targets which are impossible to meet."

Changes at The Rotherham Advertiser saw editor, Andrew Mosley leave the publication, along with a number of senior reporters and long-standng staff. Richard Fidler moved from a role at the Yorkshire Post into the role of editor at "the 'tiser."

Posting on X, Andrew Mosley, who has recently published his first novel, said that the new deal had got to be a positive for the likes of the Rotherham Advertiser, adding: "Sold down the river and to the wolves by the owner of Regional Media Ltd and ripped apart."

More bad news for the borough came when National World signed a deal with Newsquest in 2023 that resulted in production ending at DMG Media's site in Rotherham. With a reduction in work, the £60m plant at Dinnington ceased printing for good in 2024.

Following the court's approval, Malcolm Denmark, CEO, sent a message to staff. He said: "Our company, Media Concierge, has been a strong supporter of local and regional media for many years. In fact, we were the first and largest investor in National World. From the outset, we believed in the vision of building a sustainable and independent news business that serves communities across the UK. That belief has not changed.

"Now, as we move from investor to owner, our approach is straightforward. We want to support you in doing what you already do so well. You know your audiences, your titles, and your communities. The most important thing we can do right now is to give you the space and confidence to carry on — business as usual."

According to data firm, ABC, The Rotherham Advertiser, which began publishing in 1858, had an average weekly circulation of 6,543 in 2024, down from 7,594 in 2023. Previous owners, Regional Media Ltd reported a ciculation of 13,700 in its 2023 annual report to independent regulator, IPSO.

National World website
Media Concierge website

Images: ABC

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Tuesday, May 2, 2023

News: Rotherham Advertiser sold

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Historic independent weekly title, the Rotherham Advertiser, has been acquired by British multimedia company, National World plc.

Funded from its own cash resources and completed last week, the deal is for an undisclosed sum.

National World said that the acquisition complements its reach across the South Yorkshire, Derbyshire and North Nottinghamshire markets.

Listed on the London Stock Exchange, National World plc became operational with the acquisition of JPIMedia (formerly Johnston Press) for £10.2m in 2021. Titles include The Scotsman and the Yorkshire Post, and locally, The Sheffield Star.

With offices in Rotherham town centre, Regional Media Ltd was the most recent publisher of The Rotherham Advertiser.

The acquisition was announced alongside National World's purchase of B2B media company, Insider Media Limited, making five acquisitions since December 2022 which the company says "will more than compensate for the recent downturn in advertising sales that has impacted the whole sector."

David Montgomery, chairman of National World, said: "Over the last 12 months we have made a number of targeted investments and acquisitions designed to accelerate our progress, increase our capabilities and grow the audience for our high-quality content.

"National World offers a unique combination of digital news, specialist content and targeted audience engagement, helping it build deeper relationships with its readers and users.Today's acquisitions are in line with that strategy as we reposition the business towards our new operating model."

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National World’s strategy is to create a new publishing business model that enables it to “localise, energise, digitise and monetise” relevant and unique content.

As National World explains in its most recent annual report: "The publishing sector, not just in local news, has been slow to seek radical changes in the face of structural change in the media, preferring for decades to mainly trim costs. For local commercial publishers, in particular, there is a growing imbalance with the national publishers and broadcasters, who maintain some resilience through scale, while the local segment has long lost its one great advantage of classified advertising.

It also added that: "Instead of a digital first company, National World is taking the leap to being a digital only company. Newspapers will be produced on that basis rather than being the products of multiple industrial processes that should have been abandoned years ago. Ironically the printed newspaper products will achieve greater quality and relevance, in part mirroring characteristics of social media but strictly curated."

And relevant to the Advertiser acquisition, it added: "True to our publishing heritage we will make our small weekly papers exclusively local in all content - banishing the generic content that was a feature of previous and counterproductive cost reduction measures.

"When acquiring heritage assets, with recent examples of Newry Reporter and Banbridge Chronicle acquired in Northern Ireland in early 2023, these are judged on market position and valuations reflecting the state of the newspaper sector. There is still a case for bolting on brands with a loyal audience that benefit from synergies as they are integrated in our infrastructure."

The original Garnett Dickinson business started in 1858 in the back of a busy stationary shop where it first published the South Yorkshire Advertiser. The Rotherham Advertiser has been published by Regional Media Ltd, a company which acquired the publishing business and assets from Garnett Dickinson in 2015.

Garnett Dickinson, which had a state of the art print facility in Manvers, went into administration in 2017 following problems in an investment in a new press. It was sold in a pre-pack deal to GD Web Offset Limited, a vehicle incorporated for the purposes of the acquisition.

National World plc website

Images: Regional Media Ltd

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