Milton Keynes Citizen saved from closure following purchase by JPI Media

Sunday, 18 November 2018 19:10

The Milton Keynes Citizen along with other newspapers are to be saved after they were purchased by a new company caled JPI Media.

MKFM reported that Johnston Press, the previous owner of the Milton Keynes Citizen, was preparing to enter administration on Friday night.

All of the company newspaper titles including the Milton Keynes paper as well as the i and Scotsman were transferred to the new JPI Media company over the weekend.

The new owners are putting £35m into the group and have also agreed to cut the level of senior secured debt by £135m to £85m, with extended debt maturity to December 2023.

Johnston Press's former CEO will become CEO of the new JPI Media company and told employees that the deal "safeguards your newspaper and website, continues the employment of all our staff and helps us to have a more stable and secure future".

Local News

Carlos Sainz could be waiting for Red Bull Racing to make 2025 seat decision
Impending free agent Carlos Sainz could be waiting for Red Bull Racing before making a decision on which team he will be driving for in 2025.
Drivers at Milton Keynes bus operator recognised for driving excellence
157 drivers at a Milton Keynes bus operator have received certificates in official recognition of their exceptional standards and dedication to road safety.
Milton Keynes Theatre announce 2024 summer season line-up
2024 got off to a fantastic start for MK Theatre, with a mix of iconic musicals, hilarious comedies, thrilling dramas and fresh new productions appearing on the stage, with the summer season promising more of the same!
UK’s Biggest Tribute Festival, MKF, returns to Milton Keynes for it’s 4th Year!
UK’s Biggest Tribute Festival, MKF, returns to Campbell Park in Milton Keynes for it’s 4th Year on Saturday 24th & Sunday 25th August 2024.
Crowdfund launched "to bring MK's friendly monster to Milton Keynes Museum"
Milton Keynes Museum has launched a crowdfunding campaign to finally bring the area's oldest known resident home to the history hub.
New community larder launching at Milton Keynes cafe
A community larder has officially launched in Loughton, providing access to surplus food, local business discounts and a chance for residents to meet new people in a friendly environment.
Tech Park launched to drive digital skills in Bletchley
A new centre to drive digital skills has opened in Bletchley at the South Central Institute of Technology (SCIoT), part of Milton Keynes College Group.
Hang out with native species for Bat Appreciation Day in Milton Keynes
Discover Britain’s bats as they wake from hibernation this Spring! Spot the species found locally by joining a Bat Walk organised by The Parks Trust, the charity caring for Milton Keynes’ parkland.
Roadworks taking place across Milton Keynes this week
From 15 April 2024 Milton Keynes City Council will be carrying out roadworks on some sections in the following areas.
The stage adaptation of The Syndicate comes to Milton Keynes Theatre in May
The Syndicate, based on the smash-hit critically acclaimed BBC One drama that entertained millions of viewers, is coming to Milton Keynes Theatre from Tue 28 May - Sat 1 Jun.
Gulliver’s Land Milton Keynes hosts special charity ‘Toy Bank’ weekend
Gulliver’s Land in Milton Keynes will be the host for a national charity that supports children affected by domestic abuse by discounting its entry price on one big weekend in April.
Milton Keynes gym helps local charity to continue supporting children and families battling childhood cancer
Snap Fitness Milton Keynes in Oakridge Park has been collecting eggs and raising funds for The Henry Allen Trust this Easter.