Guernsey Press sold to local investors
The Guernsey Press has been sold to local investors, in a multi-million pound deal.
The deal includes the production and distribution of the newspaper, its digital platforms and GY4 You app.
Guernsey Press managing director Mark Lewis said the change of ownership was a positive one.
Bailiwick Investments is an investment company quoted on The International Stock Exchange which has a substantial percentage of Channel Islands-based shareholders.
It has been investing in local businesses for more than a decade and its current portfolio includes shareholdings in Sandpiper CI Group, Jackson’s Group, Guernsey Recycling Group, SigmaRoc and Oatlands.