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North Devon Journal and ThisisNorthDevon sold to new media organisation Local World

By e_glanfield  |  Posted: November 21, 2012

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The North Devon Journal and www.thisisnorthdevon.co.uk website are under new ownership following an announcement this morning.

Daily Mail and General Trust (DMGT) has sold its regional publishing arm Northcliffe, which has a portfolio of 77 regional newspapers and dozens of websites, to Local World.

Local World is a newly-formed media group that will combine the Northcliffe titles with those of Iliffe News & Media Limited and be led by David Montgomery.

DMGT will retain a 39% stake in the new company, with Iliffe owning 21%, and Trinity Mirror taking 20%.

The remaining Local World shares will be purchased by other investors, including Artefact Group, an Investment Fund associated with Lord Ashcroft, and Odey Asset Management

Steve Auckland, the current Chief Executive of Local World and former Chief Executive of Northcliffe said "Local World will be a comprehensive local content provider, offering the best and most trusted source of news, views and advertising in print, online and mobile, to its local audiences in the UK.

"The new company will be well-resourced, entrepreneurial, and able to respond quickly to the differing requirements of local communities."

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  • 2ladybugs  |  November 21 2012, 3:04PM

    Oh dear Stork.......have you not realised yet that you can disable cookies and multi-vote???? Don't worry, I have never bothered to do it but there are many on these sites that do, hence my very high score of 666 red. :))))) p.s. the Northcliffe people know about it but can't do much to stop it!!!. Did you also know that if you don't like a comment you can remove it without reporting it? No I have never done that either, but it does happen.

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  • Stork  |  November 21 2012, 2:51PM

    2ladybugs You already do have a one vote system, up or down. Try clicking on my post up or down repeatedly. A symbol will appear explaining that you have already voted once.

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  • 2ladybugs  |  November 21 2012, 12:26PM

    Let us hope they get rid of this naff rating system. If they insist on people being able to give their approval of a comment (or not) can they please make it a one off vote only.....it can be done.

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  • Stork  |  November 21 2012, 11:37AM

    It will be interesting to see how things turn out under the new ownership.

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