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Scunnered

Ailing Johnston Press In Talks Over Selling Scotsman

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A group of high-powered Scottish businessmen are trying to buy the Scotsman newspaper from Johnston Press as the ailing regional newspaper publisher struggles to complete a desperately needed refinancing package by Friday.

A source close to the businessmen confirmed that informal talks with Johnston began two months ago but that a deal was still some way off.

The businessmen are Martin Gilbert, chief executive of Aberdeen Asset Management; Edinburgh financier Ben Thomson, and property developer Mark Shaw.

[continues]

Give me a ******* break. I suppose they might as well make it official.

The Scotsman was launched in 1817 as a response to the "unblushing subservience" of the existing press towards the Edinburgh establishment.

<Hollow laughter>

Edited by Scunnered

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