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Future uncertain for Sussex newspapers as owner announces sale

Johnston Press, the company that owns hundreds of newspaper titles across the UK as well as a considerable number of Sussex newspapers, has put itself up for sale.

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The owner of dozens of newspaper titles across the UK, Johnston Press has today (11 October) announced it is up for sale.

The company owns a large number of publications including the West Sussex County Times, Mid Sussex Times and the Crawley Observer. It also owns other well-known titles such as the i, The Scotsman and The Yorkshire Post.

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The company has struggled in recent years due to the decline in sales of physical papers and ad revenue.

In a public statement released this morning, Johnston Press said it ‘has focussed on exploring all options available to it’ in relation to its outstanding £220 million which is due for repayment in June 2019.

The company, which owns about 200 titles, announced today that ‘it has decided to seek offers for the Company’.

The statement reads: “Since commencing the strategic review of financing options first announced in March 2017, the Company has focussed on exploring all options available to it in relation to its £220 million outstanding 8.625% senior secured notes due for repayment on 1 June 2019.

“Pursuant to this strategic review and in order to assess all strategic options to maximise value to its stakeholders, the Board of Johnston Press announces today that it has decided to seek offers for the Company.”

Later in the statement, it says: “There can be no certainty that any offer will be made for Johnston Press, nor that any transaction will be executed, nor as to terms of any such offer or transaction.”

It adds that the Board ‘reserves the right to alter or terminate the process’ and ‘reserves the right to reject any approach or terminate discussions with any interested party’ at any time.

Shares for the company stood as high as 6,055.63 GBX in March 2005 but today sit at just 3.40 – a dramatic decline of over 99%.

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Deliveroo search for riders in Crawley as lunch orders triple

More work available for riders at Deliveroo as orders across Crawley rocket. The company also reveals Crawley’s most popular dishes.

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Deliveroo PR library [Imagery © Mikael Buck / Deliveroo]

Exclusive new figures released today by Deliveroo reveal the company’s rapid growth across Crawley in the past 6 months.

As Deliveroo continues to grow its service in the area, the company is looking for more riders to deliver meals across the city. Deliveroo recently launched Marketplace+, which has seen an influx of traditional takeaways joining the British food-delivery company.

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In the past year orders in Crawley have rocketed. Deliveroo data has shown that locals are embracing food delivery, with lunch orders increasing by 297% in the last 6 months – with Sweet Chilli Chicken from ‘Kokoro’ taking the top spot for most popular lunch order in the city.

The new data also reveals Saturday at 7:55pm is the most popular time for Crawley locals to order from Deliveroo.

Crawley’s most popular dishes:
• Sweet Chilli Chicken from Kokoro
• Boneless Banquet from KFC
• Creams Soft Serve Vanilla from Creams
• Steak & Cheese Sub from Subway
• Cod and Chips from Mr Chips

Deliveroo has been delivering meals in the city for over a year, working with over 30 restaurants. With the launch of Marketplace+ Deliveroo is expecting this number to double by the end of 2019.

Deliveroo PR library [Imagery © Mikael Buck / Deliveroo]

This increase in order growth means that Deliveroo is able to offer more well-paid, flexible work that allows people to combine work with other responsibilities, for example studying. On average across the UK, riders earn over £10 per hour. Deliveroo is now looking for more riders, and current riders who successfully refer someone new to Deliveroo in Crawley will receive up to £400.

Dan Warne, UK and Ireland Managing Director said:

“We’re proud to be offering more locals in Crawley well-paid flexible work and have been astounded by the huge growth we’ve seen in the city”

Earlier this year Deliveroo provided its 50,000 riders around the world with free insurance to protect them and their earnings if they’re involved in an accident.

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