Newsquest Media Group Acquires Archant
Newsquest has announced that it has completed the acquisition of Archant from Rcapital, a private investment firm which has owned the Archant business since September 2020.
Archant’s news brands include the Eastern Daily Press, the East Anglia Daily Times, Norwich Evening News, and Ipswich Star. Archant employs 760 staff and its head office is in Norwich.
Henry Faure Walker, Newsquest chief executive, said: “We’re really looking forward to working with the Archant team who have done a phenomenal job rebuilding the business after it went into administration 18 months ago.
“The Archant strategy focused on building out digital marketing solutions and digital subscriptions is closely aligned with our own; and the additional scale that our combination brings will greatly assist Archant’s local news and Life brands in building a stronger future.”
Lorna Willis, Archant chief executive, said: “By bringing the best of Archant and Newsquest together we have the opportunity to lead the way in building an exciting future for regional media, a future that speaks to growth, innovation and sustainability, built on quality local journalism.”