Nov 29, 2019

Daily Mail owner buys i newspaper for £50m

The owner of the Daily Mail, DGMT, has bought the i newspaper and website for £49.6m from JPI Media. The Competition and Markets Authority will have to approve the deal. In 2016 it was sold for £24m to Johnston Press, which was bought out of administration last year by JPI Media. DMGT had been mulling the purchase for at least a year, but was beaten by JPI Media's deal with administrators. Johnston Press was one of the largest local and regional newspaper organisations in the UK with a history dating back more than 250 years, but it had debts of £220m. The deal leaves JPI with The Scotsman and Yorkshire Post among its biggest titles.

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