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Sale saves Cumberland & Westmorland Herald

Sale saves Cumberland & Westmorland Herald

The joint administrators of the Cumberland & Westmorland Herald – which entered administration on Monday 3 February – have successfully agreed the sale of the paper to newly incorporated Barrnon Media Limited.

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The joint administrators of the Cumberland & Westmorland Herald – which entered administration on Monday 3 February – have successfully agreed the sale of the paper to newly incorporated Barrnon Media Limited.  

The East Cumbrian newspaper, established in 1860, covers towns including Penrith, Appleby, Kirby Stephen, Keswick & Alston. The joint administrators were continuing to trade the business whilst options for a possible sale were explored.

There were a number of interested parties, but ultimately the business was acquired by Barrnon Media Limited, backed by a local businessman, Andrew Barr. The sales preserves 22 jobs at the paper.   

Howard Smith, associate partner at KPMG and joint administrator, said:

“The sale of this much-loved East Cumbrian paper to newly-incorporated Barrnon Media Limited marks a great outcome, preserving not only 22 jobs but also the paper’s 160-year history. A significant level of interest was received, testament to the strong affection for the Herald. Widely considered to be the cornerstone of the local communities it serves, it’s a real delight to see its future secured.”

Andrew Barr of Barrnon Media Limited, who acquired the paper, added:

“The Cumberland & Westmorland Herald has always been a firm fixture in my own life, being both a local and a keen reader myself. It’s this emotional connection to the paper and community, combined with the Herald’s rich heritage as well as the support of many locals that has motivated me to step-in and save this business. I’m thrilled that we’ve been able to achieve such a successful outcome, it means a great deal to us all.”

-ENDS-

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