A news report has Johnston Press trying to divest itself of its Irish newspapers. The 14 papers, acquired in 2005 for £115m, is being offered to Malcolm Denmark, a British advertising executive, for as little as £7m. Since Denmark's firm, Mediaforce, places advertising and inserts in newspaperss, the deal may also require approval from Ireland's competition regulators.
In recent years, Johnston has sold off one paper and closed another as part of a continuing effort to reduce the firm's hefty debt load of £300m. While Johnston Press has confirmed that it is holding discussions about possible sales, it was unclear whether the firm's Northern Ireland newspapers were part of the deal.
Source - Johnston Press in talks to sell off Irish newspapers, Greenslade Blog, The Guardian