Company which owns Sussex Express sold for £10.2m

The Sussex Express is under new ownership.

The East Sussex newspaper and website has been sold, along with nearly 200 other titles, by JPI Media, for £10.2 million.

JPI Media, formerly known as Johnston Press, has been taken over by National World which has David Montgomery as executive chairman.

He is a former chairman of the Mirror Group.

Danny Cammiade, who once ran the southern division of Johnston Press and went on to become chief operating officer of the company, has become a non-executive director of National World.

The Sussex Express, founded in 1837, is one of a number of titles the company owns in Sussex. Others include the Eastbourne Herald, the Mid Sussex Times and the West Sussex County Times.

The sale price is a fraction of what the company was once valued at. See this report at Press Gazette. [external link]

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