Type Private Owner Trinity Mirror | Website www.localworld.co.uk Founded 2012 | |
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Key people David MontgomeryChief Executive OfficerRachel AddisonChief Operating Officer/Chief Financial Officer Parent organizations DMG Media, Local World Holdings Limited Subsidiaries Associated Northcliffe Digital, Northcliffe Media, Iliffe News and Media Ltd. | ||
Local World Ltd. is a large regional newspaper publisher in the UK that publishes around 100 print titles and more than 70 websites. It was formed in 2012 by David Montgomery, a former chief executive of Trinity Mirror, to buy the Daily Mail and General Trust's Northcliffe Media business, and the Yattendon Group's Iliffe newspaper group.
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In October 2015, Trinity Mirror reached agreement with Local World's other shareholders to buy the company.
History
Local World was established in 2012 by David Montgomery, in order to purchase local newspaper businesses. In November 2012 it was announced that it would purchase Northcliffe Media from Daily Mail and General Trust, and separately, the Iliffe newspaper group from the Yattendon Group. The purchase of the businesses was approved by the Office of Fair Trading on 28 June 2013.
In September 2015, Daily Mail and General Trust confirmed it had entered into talks to sell Local World to Trinity Mirror; the sale was completed the following month.