As reported in the Guardian on 28 October: Two newspaper groups are reported to be working on plans to pool their regional titles into a new business called Local World which would be led by the former Mirror Group chief executive David Montgomery.
The proposed combination involves Northcliffe Media, which is the regionals arm of Daily Mail & General Trust (DMGT), and Iliffe News & Media, owner of the Cambridge News and Hertfordshire Mercury, Sky News said.
Iliffe's parent company Yattendon Group and DMGT would between them own close to 50% of Local World, while Montgomery would also have a stake. He is expected to use the initial combination as a springboard for pursuing other assets in the sector.
