The U.K. ’s
Johnston Press is for sale and may have a buyer in Norwegian entrepreneur
Christen Ager-Hanssen.
The company is one of the biggest newspaper
organizations in the U.K. ,
publishing papers including the “I,” The Scotsman and the Yorkshire Post.
It has been struggling with £220m in debt
(around $285 million).
Ager-Hanssen’s private equity firm Custos has
raised its shareholding from about 20 percent to more than 25 percent, the BBC reports.
Ager-Hanssen has strongly criticized the
board’s management, saying the board has done "nothing more than
rearranging the deck chairs on the Titanic."
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