European newspaper publisher Mecom Group has agreed to be acquired by Belgian media group De Persgroep for £196m.
“The transaction marks the successful culmination of the strategic refocusing of the Mecom group over the past two years,” Mecom chief executive Rory Macnamara said in a statement.
Mecom, which publishes regional newspapers such as De Gelderlander and De Stentor in the Netherlands and Berlingske and BT in Denmark, has been cutting costs to stem a decline in advertising revenue.
Read the rest at Mecom agrees to be taken over in £196m deal | Media | theguardian.com.
