Newsquest Media Group has successfully acquired Archant Community Media Ltd from Rcapital, aiming to enhance digital growth and regional journalism.

Information on the Target

Archant Community Media Ltd is a prominent media organization located in East Anglia, England. It operates a diverse portfolio of local news brands, including the Eastern Daily Press, the East Anglia Daily Times, Norwich Evening News, and Ipswich Star. The company also publishes successful regional County Life magazines, serving local audiences with relevant content. Currently, Archant employs approximately 760 staff, with its head office situated in Norwich.

Under the leadership of CEO Lorna Willis and CFO/COO Nick Steven-Jones, Archant has undergone significant transformation since it entered a Company Voluntary Arrangement 18 months ago. The management team, supported by private investment firm Rcapital since September 2020, successfully navigated challenges to rebuild the business, emphasizing digital marketing solutions and digital subscriptions.

Industry Overview in the Specific Country

The media landscape in the UK has been evolving rapidly, influenced by digitalization and changing consumer behavior. Traditional print media faces significant challenges as audiences shift towards on