“The riches are in the niches.” Admittedly it only rhymes in an American accent, but it’s a philosophy that is powering The New European owner Matt Kelly who has bought the title from local publisher Archant, where he launched it as a “pop-up paper” two weeks after the 2016 Brexit vote stunned Britain.
Kelly isn’t going it alone exactly. He has accrued a consortium of investors, forming a fantasy team of media titans. Among them are former FT editor Lionel Barber, ex-BBC director and former NY Times chief exec Mark Thompson and Edelman’s chief exec for Europe Ed Williams.
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.