(UK) Montgomery shakes news market again: JPI, third largest local media, bought by National World

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(UK) Montgomery shakes news market again: JPI, third largest local media, bought by National World

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(UK) Montgomery shakes news market again: JPI, third largest local media, bought by National World

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