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National World, (LSE:NWOR) is pleased to announce that it has acquired JPI Media Publishing Limited ( JPI ) and its subsidiaries ( JPI Group ) from JPI Media Limited for £10.2 million with completion on 2 January 2021.
Highlights · The JPI Group is the third largest local news publisher in the UK and its iconic titles and websites include: The Scotsman, The Yorkshire Post, Belfast News Letter, Sheffield Star, Edinburgh Evening News, Portsmouth News and Lancashire Evening Post. · In the year ending 2 January 2021 the JPI Group is estimated to have revenue of £85.0 million and EBITDA (before exceptional costs) of £6.0 million. · The JPI Group will provide a platform for National World to implement its strategy of creating a sustainable local online news publishing model. In the year to 2 January 2021 the JPI Group is estimated to hav ....