The
Tindle newspaper group has set aside £500,000 to back the development
of a series of titles on the borders of Devon, Dorset and Somerset.
At
a lunch to celebrate the launch of the Colyton Advertiser at Honiton
last Thursday, Sir Ray Tindle, owner of Tindle Newspapers, told staff
he had earmarked £500,000 for the development.
The Colyton
Advertiser brings the number of titles in the series to six, all based
on the historic Pulman’s Weekly News at Axminster. The editions are at
Honiton, Ottery St Mary, Chard, Crewkerne and now Colyton.Group
managing director Brian Doel said at the lunch that the series had
become profitable in the last few months after losses over several
years. It was decided to mark the occasion with a £5,000 donation to
buy special beds for a unit at Honiton Hospital.
The Colyton
Advertiser brings the number of newspapers and radio stations under Sir
Ray’s control to 214, many of which have been acquired or launched in
the past 18 months.
Related
Tindle is expected to reveal shortly that the financial year ended 31 March saw the highest profit in the company’s history.
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