Overlooked amid the madness: Sir Ray Tindle’s family business has bought three weekly newspapers in Essex. The man himself — 82 next month — had bullish words for the FT:
‘Of course, I can only speak for my own local weeklies, but I firmly, totally believe the local press will not only survive the present situation, but will bounce back to great prosperity.”
Interesting to note the FT‘s suggestion that Tindle Newspapers only experienced a 7% YOY decline in revenues during the third week of August.
If that’s Tindle’s actual run-rate for the entire summer, I wouldn’t quite eat my hat. But I’d consider it.