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My Right Honourable Friend the Secretary of State for Digital, Culture Media and Sport, Oliver Dowden MP, has made the following Statement:
On 22 January 2020, DCMS informed the House that my predecessor had issued a Public Interest Intervention Notice (PIIN) in respect of the acquisition by Daily Mail and...
My Right Honourable Friend the Secretary of State for Digital, Culture Media and Sport, Oliver Dowden MP, has made the following Statement:
On 22 January 2020, DCMS informed the House that my predecessor had issued a Public Interest Intervention Notice (PIIN) in respect of the acquisition by Daily Mail and...
On 22 January 2020, DCMS informed the House that my predecessor had issued a Public Interest Intervention Notice (PIIN) in respect of the acquisition by Daily Mail and General Trust (DMGT) of JPI Media Publications Ltd, and thus the i newspaper.
The PIIN triggered the requirement for the Competition and...
On 22 January 2020, DCMS informed the House that my predecessor had issued a Public Interest Intervention Notice (PIIN) in respect of the acquisition by Daily Mail and General Trust (DMGT) of JPI Media Publications Ltd, and thus the i newspaper.
The PIIN triggered the requirement for the Competition and...
On 9 January I instructed my officials to write to the Daily Mail and General Trust plc (DMGT) to inform them that I was ‘minded to’ issue a Public Interest Intervention Notice (PIIN). I can confirm today that I am issuing the PIIN.
This relates to concerns I have that there...
On 9 January I instructed my officials to write to the Daily Mail and General Trust plc (DMGT) to inform them that I was ‘minded to’ issue a Public Interest Intervention Notice (PIIN). I can confirm today that I am issuing the PIIN.
This relates to concerns I have that there...
My Right Honourable Friend the Secretary of State for Digital, Culture, Media and Sport, Baroness Morgan of Cotes, has made the following Statement.
On 9 January DCMS officials wrote to the Daily Mail and General Trust plc (DMGT) to inform them that the Secretary of State for DCMS was ‘minded to’...
My Right Honourable Friend the Secretary of State for Digital, Culture, Media and Sport, Baroness Morgan of Cotes, has made the following Statement.
On 9 January DCMS officials wrote to the Daily Mail and General Trust plc (DMGT) to inform them that the Secretary of State for DCMS was ‘minded to’...
My Honourable Friend the Minister of State for Sport, Media and Creative Industries, Nigel Adams MP, has made the following Statement.
The Department for Digital, Culture, Media and Sport (DCMS) has today written to Daily Mail and General Trust (DMGT) and JPI Media Publications Limited, the current and former owners of...
My Honourable Friend the Minister of State for Sport, Media and Creative Industries, Nigel Adams MP, has made the following Statement.
The Department for Digital, Culture, Media and Sport (DCMS) has today written to Daily Mail and General Trust (DMGT) and JPI Media Publications Limited, the current and former owners of...
The Department for Digital, Culture, Media and Sport (DCMS) has today written to Daily Mail and General Trust (DMGT) and JPI Media Publications Limited, the current and former owners of the i newspaper, to inform them that the Secretary of State for DCMS is ‘minded to’ issue an Intervention Notice....
The Department for Digital, Culture, Media and Sport (DCMS) has today written to Daily Mail and General Trust (DMGT) and JPI Media Publications Limited, the current and former owners of the i newspaper, to inform them that the Secretary of State for DCMS is ‘minded to’ issue an Intervention Notice....
To ask the Secretary of State for Digital, Culture, Media and Sport, what information his Department holds on the current board members of JPI Media; and of those members, how many served previously on the Johnston Press board.
To ask the Secretary of State for Digital, Culture, Media and Sport, what information his Department holds on the current board members of JPI Media; and of those members, how many served previously on the Johnston Press board.
The directors of JPI Media Holdings Ltd are David Duggins, Dean Merritt, and John Ensall, none of whom have previously been directors of Johnston Press.
To ask the Secretary of State for Work and Pensions, what information her Department holds on the steps the JPI Media Board will take to mitigate pension losses and to stabilise the pension scheme for employees of Johnston Press.
To ask the Secretary of State for Work and Pensions, what information her Department holds on the steps the JPI Media Board will take to mitigate pension losses and to stabilise the pension scheme for employees of Johnston Press.
The Johnston Press Pension Plan is currently in the Pension Protection Fund’s (PPF) assessment period, where it will be assessed whether the scheme’s funding level is sufficient to secure pensions to its members at least equal to the level of compensation the PPF would pay. If the scheme’s funding is not sufficient, then it will transfer into the PPF and compensation will be paid at 100 per cent for individuals over their scheme’s retirement age at the date of the insolvency, and 90 per cent of the member’s accrued benefits, subject to an overall cap for everyone else. Benefits accrued post 1997 will be linked to PPF indexation going forward.
There are around 5,000 pension scheme members who will be affected.
The Pensions Regulator and the PPF are working together with the administrators to understand the circumstances surrounding the sale and its implications for the Johnston Press Pension Plan.
Lords statement on the impact of Johnston Press going into administration.
Lords statement on the impact of Johnston Press going into administration.
Urgent question on the impact of Johnston Press going into administration.
Urgent question on the impact of Johnston Press going into administration.
The Batley & Birstall News has been serving my constituency for 140 years and, with the Spenborough Guardian, is a much loved title. They have fantastic campaigns such as “Love Your High Street”. My concern about the reconfiguration is that there will be some asset stripping
and only the most...
The Batley & Birstall News has been serving my constituency for 140 years and, with the Spenborough Guardian, is a much loved title. They have fantastic campaigns such as “Love Your High Street”. My concern about the reconfiguration is that there will be some asset stripping
and only the most...
My Lords, with the leave of the House, I shall repeat in the form of a Statement the Answer to an Urgent Question on Johnston Press asked in the other place:
“Mr Speaker, as the House will know, on Friday Johnston Press confirmed that it was going into administration. Johnston Press...
My Lords, with the leave of the House, I shall repeat in the form of a Statement the Answer to an Urgent Question on Johnston Press asked in the other place:
“Mr Speaker, as the House will know, on Friday Johnston Press confirmed that it was going into administration. Johnston Press...
My Lords, I come in at the point at which the Minister left the Statement. My first real job was, week after week, to write the front page of our local newspaper, the Star. It produced Llangennith, Llwchwr, Llanelli and Burry Port versions, and I did the Burry Port bit....
My Lords, I come in at the point at which the Minister left the Statement. My first real job was, week after week, to write the front page of our local newspaper, the Star. It produced Llangennith, Llwchwr, Llanelli and Burry Port versions, and I did the Burry Port bit....
The noble Lord makes a number of good points. First, I wholeheartedly agree with him about the need to support, where we possibly can, local newspapers. They have been the lifeblood of communities, and they provide essential and very necessary information for communities, whether on local democracy and local councils,...
The noble Lord makes a number of good points. First, I wholeheartedly agree with him about the need to support, where we possibly can, local newspapers. They have been the lifeblood of communities, and they provide essential and very necessary information for communities, whether on local democracy and local councils,...
My Lords, this is a very serious moment for the reporting of local events. First, I want to raise my concerns particularly about the future of the Yorkshire Post, which is a renowned newspaper that provides, in Yorkshire and surrounding areas, a regional perspective on news that would otherwise reflect...
My Lords, this is a very serious moment for the reporting of local events. First, I want to raise my concerns particularly about the future of the Yorkshire Post, which is a renowned newspaper that provides, in Yorkshire and surrounding areas, a regional perspective on news that would otherwise reflect...
The noble Baroness is right that the Cairncross review will not be reporting until next year, but she may be reassured by the very fact that JPI is rescuing Johnston Press—as she will know, this is a consortium made up of GoldenTree, Fidelity and two other quality fund managers—and has...
The noble Baroness is right that the Cairncross review will not be reporting until next year, but she may be reassured by the very fact that JPI is rescuing Johnston Press—as she will know, this is a consortium made up of GoldenTree, Fidelity and two other quality fund managers—and has...
My Lords, I share the noble Lord’s nostalgia for the many titles that our local communities and regions used to enjoy reading, as does the noble Baroness on the Liberal Democrat Benches, but may I caution my noble friend not to commit the Government to investing huge sums of taxpayers’...
My Lords, I share the noble Lord’s nostalgia for the many titles that our local communities and regions used to enjoy reading, as does the noble Baroness on the Liberal Democrat Benches, but may I caution my noble friend not to commit the Government to investing huge sums of taxpayers’...
I thank my noble and learned friend, who makes some good points. First, as I said, the move to online is happening, it is inevitable and it is fair to say that a lot of young people only go
online. But it is also important that the transfer for local...
I thank my noble and learned friend, who makes some good points. First, as I said, the move to online is happening, it is inevitable and it is fair to say that a lot of young people only go
online. But it is also important that the transfer for local...
My Lords, would the Minister acknowledge that the £220 million debt run up by Johnston Press over a number of years was a scandalous mismanagement, which led to its mortgaging the operations, including the work of local journalists, for reasons other than for delivering what we want—and what I am...
My Lords, would the Minister acknowledge that the £220 million debt run up by Johnston Press over a number of years was a scandalous mismanagement, which led to its mortgaging the operations, including the work of local journalists, for reasons other than for delivering what we want—and what I am...
I am not prepared to comment or respond to the comment made about the debt. The fact is that the debt is there, Johnston Press had it and JPI is taking it on and is looking ahead. On the PPF, again I think that it is right that the Government...
I am not prepared to comment or respond to the comment made about the debt. The fact is that the debt is there, Johnston Press had it and JPI is taking it on and is looking ahead. On the PPF, again I think that it is right that the Government...