Owners
The company's founding paper was the Derry Journal which was launched in 1772, and remained its sole possession until the 1990s. In 1998, the group was purchased by Mirror Group Newspapers (which became Trinity Mirror a year later) from the McCaroll family who had owned the paper since 1925, for £18.25 million.
In January 2004 Local Press Ltd, a holding company of investment firm 3i purchased the Derry Journal Group as well as the News Letter, a leading Northern Irish daily, from Trinity Mirror. Local Press was then purchased by Johston Press a year later in November 2005 for a reported £65m.
In addition to Derry Journal Newspapers, Johnston Press own several other local titles across Northern Ireland through the holding company Johnston Publishing (NI) and Johnston Press Ireland in the Republic.
Read more about this topic: Derry Journal Newspapers
Famous quotes containing the word owners:
“Slaves who have escaped to you from their owners shall not be given back to them.”
—Bible: Hebrew, Deuteronomy 23:15.
“The work of the miner has its unavoidable incidents of discomfort and danger, and these should not be increased by the neglect of the owners to provide every practicable safety appliance. Economies which involve a sacrifice of human life are intolerable.”
—Benjamin Harrison (1833–1901)
“The work of the miner has its unavoidable incidents of discomfort and danger, and these should not be increased by the neglect of the owners to provide every practicable safety appliance. Economies which involve a sacrifice of human life are intolerable.”
—Benjamin Harrison (1833–1901)