(UK) Montgomery shakes news market again: JPI, third largest local media, bought by National World GAIN ACCESSPublisher Enders Analysis.Publish Date January 11, 2021Sector acquisition, Broadcast TV, Media, News, UK, UK Media.Company Contents National World Plc, David Montgomery’s investment vehicle founded in 2019, will buy JPI Media for £10.2 million, a tiny 1.7x EBITDA Disposals by JPI Media shifted its operating model towards digital, National World will shift this further This acquisition kicks off what is likely to be a busy period for M&A, though local consolidation remains hindered by the local media mergers regime GAIN ACCESS Related Reports Netflix Q4 2020 results: 200 million subs with cash piling up Top 5 Telco Trends in 2021 (UK) Update 2021: COVID-19 and Mobility (UK) TalkTalk: Mixed results, future opaque Roaming charges to return for some: Free EU roaming an optional extra post Brexit Protected: (UK) Montgomery shakes news market again: JPI, third largest local media, bought by National World The low price paid reflects the dismal prospects for print media, especially regional and local titles relative to national titles. Over the past decade, regional publications were affected at a greater rate than national counterparts by the structural decline of print circulation and advertising, resulting in significantly more closures, as well as issue frequency reductions. × [contact-form-7 404 "Not Found"] × Sign up for Free Access To find out more about Venture Insights reports and subscriptions, enter your email address. 19 + 16 = Please answer this short quiz × Sign up for Free Access To find out more about Venture Insights reports and subscriptions, enter your email address. Launch demo modal × Sign up for Free Access To find out more about Venture Insights reports and subscriptions, enter your email address. × Thank your for subscribing to Venture Insight’s newsletter, you will get our weekly free newsletter...