Regional newspaper publisher, Johnston Press, has sold the Galloway Gazette and the Stornoway Gazette businesses to Scottish Radio Holdings (SRH) for an undisclosed sum, the group announced this morning.
As at 31 December 2001, the combined net assets of the businesses were £1.2 million.
Johnston Press also announces that, in a separate transaction, it has sold the Wee County News, a paid for weekly based in Alloa, to the title’s management. This newspaper was also acquired as part of the RIM acquisition.