Business newspaper City AM nears administration after month-long auction

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 67%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

City AM, which was first published in September 2005, is preparing to appoint BDO to handle an insolvency process after weeks of talks with prospective buyers about a solvent deal, Sky News understands.

The newspaper is 50%-owned by a group of Dutch investors, with 25% stakes held by Lawson Muncaster, managing director, and chief executive Jens Torpe.

"As a local paper at the heart of the financial universe, the brand is perfectly positioned to expand into new areas and develop new revenue streams that take advantage of the new media landscape."The hunt for a buyer was initially led by FRP Advisory, another specialist restructuring firm. Edited by Andy Silvester - a former public relations executive at The Sun who joined in September 2019 - the newspaper added a four-letter anacronym to Britain's business jargon, in reference to workers who turned up in the office only on Tuesdays, Wednesdays and Thursdays.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 35. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker