Exclusive: Publisher of dozens of local titles was sold to Rcapital in deal that promised ‘bright future’
Archant, the publisher of dozens of titles including the Eastern Daily Press, London’s Ham & High Express and the former owner of the anti-Brexit weekly the New European, is up for sale only 18 months after being sold to a private equity group.
The Norwich-based newspaper group, one of Britain’s oldest publishers – co-founded in 1845 by the mustard magnates the Colman family – was sold to the investment group Rcapital in August 2020 in a deal that promised a “bright future” for the company as the pandemic accelerated the decline in its already strained finances.