New owners for Weekly News
The Newbury Weekly News has been sold to Edward Iliffe and Peter Fowler.
The paper has been owned by the same family since its early beginnings and moved its printing to Iliffe Print Cambridge last year after it made the difficult decision to close its own press in Newbury.
Journalist at the Weekly News, John Herring, said on social media: "We've been told that things will carry on as normal and we'll still be based in Newbury."
Iliffe Media Group was formed in September 2016 with the launch of the Cambridge Independent and over the past three years has completed a number of acquisitions including 13 titles from Johnston Press, the KM Media Group, and most recently the Newark Advertiser.
Last year redundancies were made in Kent after Iliffe “simplified” production of its print titles with new technology following its purchase of a local paper in the area.
Newbury News Ltd chief executive James Gurney said: "The Newbury Weekly News is a successful and much-loved title and Edward Iliffe lives right here in Yattendon, in the heart of West Berkshire. I am delighted that the paper will remain independent.
"Over the past 10 years the industry has become increasingly challenging for smaller independently-owned local newspaper publishers.
"The completion of this deal will allow us to plug into a larger group where there are opportunities to share resources and ideas, as well as to invest in exciting new initiatives that will help ensure we continue to engage with the local community, producing exceptional content that covers our entire diverse area.”
Chief executive of the Iliffe Media Group, Edward Iliffe, said: “We are delighted to have concluded the acquisition of this well-respected local newspaper.
"Iliffe Media, with its long heritage as an independent family-run media business, believes in the future of local newspaper publishing across all platforms and we now look forward to working in a positive way with our new colleagues and the communities they serve.
"I am also pleased to have the association with Peter Fowler in this new venture in Newbury. Peter has worked with the Iliffe family for many years and brings with him a wealth of publishing experience.”