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Reach exits JPI Media talks

Reach exits JPI Media talks

Newspaper publisher Reach (RCH) is no longer in talks to buy certain assets from JPI Media – the entity formerly known as Johnston Press, whose titles include ‘The Scotsman’ and ‘The Yorkshire Post’. Reach had been focusing primarily on JPI's regional assets. It said that while “active discussions” – first announced in July – have ended, it will continue to review “on a regular and disciplined basis” those M&A opportunities that would accelerate its strategy. In the same breath, the group said that its trading has been “steady”, and remains in line with its expectations. The shares climbed by more than a tenth in response.

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