Monday, 4 September 2017

Oldham Chronicle closes down

LAST week, the Oldham Chronicle ceased publication after more than 160 years ago since the daily newspaper was established.
The paper was published by Hirst, Kidd and Rennie Ltd, but the administrators KPMG has said the company was suffered owing to the 'changing nature of the local media landscape'.  
The staff of 49 have been made redundant.
The Chronicle was established in 1854, and its publishers also produced four monthly titles and three quarterly magazines.

These included the Oldham Extra, Saddleworth Extra, Tameside Extra and the Dale Times, as well as magazines Oldham Business Edge.
A spokesman for the administrators said:
'The company was faced with an increasing deficit in its defined benefits pension scheme in addition to the challenging trading conditions arising from the changing nature of the local media landscape. Unfortunately despite a rigorous sales process, a buyer for this longstanding paper has not been found, and it's not commercially viable to continue operating.'

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