History
In early 1998 the Scottish Media Group (SMG), then led by chairman Gus Macdonald, decided to create a Sunday sister for its existing national morning title The Herald, because the Glasgow-based media group was losing advertising revenue to rival newspaper publishers every Sunday. In March 1998 the media company's board appointed Andrew Jaspan, then the publisher and managing director of The Big Issue and a former editor of Scotland on Sunday, The Scotsman and The Observer to examine the business case for launching a new Sunday title. In October 1998 SMG (now known as STV Group plc), which also owns the broadcaster STV, committed to putting £10 million ($18.7 million) behind the new paper's launch.
Read more about this topic: Sunday Herald
Famous quotes containing the word history:
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“No one is ahead of his time, it is only that the particular variety of creating his time is the one that his contemporaries who are also creating their own time refuse to accept.... For a very long time everybody refuses and then almost without a pause almost everybody accepts. In the history of the refused in the arts and literature the rapidity of the change is always startling.”
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