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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Former New York Times CEO Mark Thompson speaking at Insider s IGNITION event in 2015. Business Insider IGNITION 2015
The New European has raised £750,000
($1.02 million) to fund an expansion led by former Daily Mirror executive Matt Kelly.
The paper plans to grow its print run from 20,000 weekly copies and invest in marketing.
Investors include Mark Thompson, the former CEO of The New York Times, and Lionel Barber, ex-editor of the Financial Times.
A group of investors including former New York Times CEO Mark Thompson and former Financial Times editor Lionel Barber this week purchased The New European, a UK print newspaper that first launched in 2016 as a lament against Brexit.
BBC News
image captionThe New European was launched on a short run in 2016 to fight Brexit
A consortium including Mark Thompson and Lionel Barber has conducted a management buy-out of The New European, the make-shift weekly print title initially launched on a four-week run in 2016 to fight Brexit.
TNE was owned by Archant, the local publishing group based in Norwich.
Its chief content officer, former Daily Mirror executive Matt Kelly, led the fund-raising effort, and as of this morning has left Archant to become CEO and editor-in-chief of The New European.
The executive chairman will be Gavin O Reilly, the Irish businessman who was former CEO of Independent News & Media, and whose father Tony was for many years proprietor of The Independent.
Lionel Barber and Mark Thompson part of The New European takeover
Former Financial Times editor and ex-BBC director-general are part of a small consortium buying the pro-EU weekly from publisher Archant
Staunchly Europhile newspaper
The New European has been bought by a consortium including a former
Financial Times editor and ex-BBC chief as part of a bid to ensure the title s long-term survival.
The paper - which was launched in 2016 to oppose the Brexit vote - was taken over in a management buyout with support from ex-
FT chief Lionel Barber and Mark Thompson, who stepped down as chief executive of The New York Times Company last July and was previously BBC director-general.
Former INM CEO to take top role at The New European magazine independent.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independent.ie Daily Mail and Mail on Sunday newspapers.
Matt Kelly, the former head of content at Archant who launched the New European following the 2016 EU referendum, will majority own and lead the title after raising about £750,000, according to people familiar with the process…
The New European has a combined weekly print and online circulation of around 20,000, with contributors such as the author Bonnie Greer, the Guardian journalist Jonathan Freedland, and the Booker prize-winner Howard Jacobson. Its editor-at-large is Alastair Campbell, the former communications director for Tony Blair in Downing Street.
Since its launch, The New European has broken even for the struggling Norwich-based newspaper and magazine group Archant. But Archant’s new private equity owners Rcapital Partners decided to shed the title as part of a restructuring. The total sale price was not disclosed.