One of Britain’s oldest regional newspaper groups has put itself up for sale as it races to find new investors willing to plug a funding deficit exacerbated by the COVID-19 pandemic’s disastrous impact on industry-wide advertising revenues.
Sky News has learnt that Archant, which was established in 1845 and publishes titles including the Eastern Daily Press and London’s Ham & High Express, has appointed corporate financiers to find new backers.
City sources said this weekend that the family-owned company wanted to secure new funding within the next few months.
KPMG, the professional services firm, is handling the process.
Archant is one of the most venerable names in Britain’s print media industry, having been jointly founded more than 175 years ago by the Colman family whose name went on to adorn one of the most prominent brands of English mustard.
Along with the