Johnston Press spent 469m on seven acquisitions in 2005, including: The Scotsman Publications; Leinster Leader, Local Press Group and Score Press.
The firm's 2005 results, which were released last week, showed pre-tax profits were up 1% to 151.4m and revenue was up 0.1% to 520.2m, Bowdler said consolidation was the "greatest possible safeguard for a healthy regional press in the coming years".
Meanwhile, Daily Mail & General Trust (DMGT) was expected to unveil its plans to restructure regional newspaper publishing arm, Northcliffe, soon.
There is speculation that both Johnston Press and Newsquest are interested in the potential sale of its Scottish newspapers.
Have your say in the Printweek Poll
Related stories
Latest comments
"Well done all involved... great to see the investment to increase the productivity in the same footprint- much more sustainable than popping another one up."
"From 1949 until the late 2000s Remploy had a network of government-subsidised factories that offered employment specifically to disabled people, originally often war veterans or victims of industrial..."
"Does appear an odd decision as with that level of shareholder funds they would be liable for the staff redundancy and cover the insolvency costs. It’s not like they could take the money and dodge..."
Up next...
Andrew Whyte takes reins
MBO at LT Print Group ensures smooth transition
Educational day in Yorkshire
Northern Stationers see historic print and more in York
Supporting growth in new and existing markets
WTTB backs digital intentions with new e-commerce specialist
Investment in e-commerce fulfilment