THE Donegal Democrat newspaper group has been sold, it has been announced.
“Staff have been informed that on Friday, February 14th, a newly formed company, Formpress Publishing Limited will take ownership of all Johnston Press newspaper titles in the Republic of Ireland,” said a statement from the newspaper.
“It’s not expected that any job losses will result from the takeover.
“Within the new structure the Donegal Democrat Group of Newspapers will become part of a Republic of Ireland media organisation that includes titles such as the Leitrim Observer, Kilkenny People, Limerick Leader and the Longford Leader.”
The papers here in Donegal have been owned by Johnston Press, a British-based newspaper company.
The new company was founded six days ago and is registered at 7 Fields Terrace, Ranelagh, Dublin 6.
THE Donegal Post – part of the Letterkenny-based River Media newspaper group – has been withdrawn from an industry watchdog which monitors the circulation figures of newspapers.
The paper, which circulates in parts of the south of the county, is published on Wednesdays.
River Media have not made any comment on the move which comes after rapidly deteriorating sales at the struggling title.
It means the company cannot provide potential advertisers with an independently audited circulation figure provided by ABC – the Audit Bureau of Circulation.
Latest ABC figures showed the Donegal Democrat Thursday edition figures down 6.6% year-on-year while the Tuesday Democrat/Peoples Press was down -4.5%.
The Derry People/Donegal News Friday edition was down 0-2% year-on-year. The Monday paper has added an extra 150 copies in the same period.
The Derry Journal Friday edition was down -1.9% on the year while the Tuesday edition was down -3.8%. The Derry-based titles are amongst the best performing in Ireland.
River Media does have its Inish Times publication audited. It was down -2.4%. The company does not audit the freesheet Letterkenny Post.