Newsquest in exclusive talks to acquire Archant

The regional newspaper publisher Newsquest is in exclusive talks with rival Archant about a takeover that would unite the publishers of the North Wales Pioneer and the Eastern Daily Press.

Sky News has learnt that Newsquest, which is itself owned by the US-based publisher Gannett, has seen off competing bidders to secure a period of exclusivity within which to strike a deal.

It began a sale process several weeks ago, and drew interest from the sector’s other big players: Reach, the owner of the Daily Mirror and Daily Express, and National World, which owns JPI Media, another of the local news market’s major publishers.

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