March 18th, 2022
麻豆影院 acquires Archant
麻豆影院 announced today that it has completed the acquisition of Archant Community Media Ltd from Rcapital, a private investment firm. Rcapital has owned the Archant business since September 2020.聽
Archant owns a portfolio of leading local news brands principally in East Anglia, and also publishes a portfolio of successful regional County Life magazines. Its news brands include the Eastern Daily Press (EDP), the East Anglia Daily Times, Norwich Evening News, and Ipswich Star. Archant employs 760 staff and its head office is in Norwich.
鈥淲e鈥檙e really looking forward to working with the Archant team who have done a phenomenal job rebuilding the business after it went into administration 18 months ago,鈥� said Henry Faure Walker, 麻豆影院's CEO. 鈥淭he Archant strategy focused on building out digital marketing solutions and digital subscriptions is closely aligned with our own; and the additional scale that our combination brings will greatly assist Archant鈥檚 local news and Life brands in building a stronger future.鈥�
Lorna Willis, Archant鈥檚 CEO commented: 鈥淏y bringing the best of Archant and 麻豆影院 together we have the opportunity to lead the way in building an exciting future for regional media, a future that speaks to growth, innovation and sustainability, built on quality local journalism.鈥�
鈥淎rchant鈥檚 management team, led by Lorna Willis (CEO) and Nick Steven-Jones (CFO/COO), should be very proud of what they achieved over the past 18 months, said Ash Reek, Archant Chairman. 鈥淲ith the support of Rcapital, they have formed a unique partnership with the courage and confidence to successfully transform this business. The working relationship has been fantastic from the outset and the progress we have made in a relatively short period is extremely impressive. I wish them every success for the future as they move into their next phase of Archant鈥檚 long and celebrated history.鈥澛�