The future of newspapers previously owned by Johnston Press has been secured after they were acquired by JPIMedia, a spokesman said.
The newly-formed company bought out Johnston Press, publisher of the i, The Scotsman, the Yorkshire Post and Dirt Bike Rider and Trials & Motocross News, following the court appointment of administrators earlier on Saturday.
Johnston Press said it meant employees would keep their jobs.
The newspaper group, one of the largest local and regional newspaper organisations in the UK, had put itself up for sale last month with debts of £220m. The debts were due for repayment in June next year. Its chief executive, David King, previously said the debt had “constrained us” and that none of the offers they had received for the firm was enough to repay it.
King, now the new chief executive of JPIMedia, said the sale was “an important one for the Johnston Press businesses as it ensures that operations can continue as normal, with employees’ rights maintained, suppliers paid, and newspapers printed”.
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