Wednesday, February 10, 2010

The family silver ?

The break-up of the Guardian Media Group's assets in Manchester leaves some loose ends. Paid Content (owners GMG) has the clearest view.

The deal apparently only gives Rusbridger £7.4m in readies to secure the mothership - the rest of the price goes down as cost avoided, with Trinity Mirror buying out a long-term printing contract of £37.4m, because it already has its own presses. The GMG staff involved will move from Manchester (and a number of outlying offices in Rochdale, Eccles and Ashton-under-Lyme) to Oldham; and pretty quick - the lease on Scott Place ends in six months. There's still a question mark over Channel M's future, (cumulative losses £14m) based in studios at the Urbis exhibition centre, which is due to become a football museum; and Radio Today muses over current relationships between the Manchester Evening News and Smooth, Real and Rock radio stations in the northwest.



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