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Newspaper groups confirm joint venture plans
The much-anticipated revamp of UK newspaper production began with dramatic news at News UK and DMG Media’s print sites, Printweek revealed in an exclusive.
On 3 October, simultaneous announcements were made at News UK’s Newsprinters sites at Broxbourne, Knowsley and Eurocentral, and at DMG Media’s Thurrock and Dinnington factories.
In July Printweek revealed that Sun and Times publisher News UK and Daily Mail owner DMG Media were considering combining their printing assets to create a more cost-effective and efficient production solution in the face of declining print runs.
That was confirmed: the two media groups announced they were partnering to create a new joint venture – currently named ‘NewCo’ – for newspaper production and logistics, and with the aim of creating a long-term and more sustainable solution for the printed newspaper.
However, the plans are subject to regulatory approval.
