A final edition of the title – which National World said had been maintained as a high-quality paper by its previous owner, publishing company Edward Hodgett – had been planned for 25 January and this acquisition, announced on Friday afternoon (20 January), ensures the continuity of the title’s publication.

It means the preservation of a paper that has served the community continuously since 1867, and saves 10 jobs.

With a strong and dedicated readership and audience through online subscription, National World said the title’s long heritage in Newry and the Mournes presents a key opportunity to underpin the publisher’s growth in its business in Belfast and Derry, and with other weekly papers, including its Farming Life Saturday publication “that enjoys significant circulation in the area”.

A statement from Edward Hodgett said: “For 96 years and across three generations, the Hodgett family has had the immense pleasure to steward The Newry Reporter, serving Newry, Mourne and South Down, since the Victorian era of 1867, in a span across tectonic global and national rifts.

“World Wars, Partition, The Troubles and Covid have all been taken in the title’s stride. Until now. Last week it grieved us to announce the profoundly sad news to our readership and further afield, that we would be producing our last edition at the end of January 2023.

“However, we never gave up striving to find a more positive outcome for both our wonderful staff and one of Ireland’s most historic newspapers.”

Lowry Hodgett, managing director of Edward Hodgett, added: “National World has done its utmost to save jobs, share our values of service and strongly support The Newry Reporter’s independent editorial ethos. The title now has a bright future.”

National World executive chairman David Montgomery also commented: “The Reporter has a proud history and National World is committed to uphold and foster its heritage.

“It is important that its independent editorial voice is protected and plays a part in promoting Newry and the wider region. We are proud to take on that role and support all The Reporter’s staff and contributors in that mission.”

Earlier this week National World reported that the strength of its group performance, current outlook and prospects means the board expects to propose and recommend a maiden dividend in conjunction with the release of its audited results in March.

National World’s share price was up by 0.5% to 22.1p late Friday afternoon.