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| Version 3 | Version 4 |
|---|---|
| Daily Mail owner buys i newspaper for £50m | Daily Mail owner buys i newspaper for £50m |
| (about 1 hour later) | |
| The owner of the Daily Mail, DMGT, has bought the i newspaper and website for £49.6m from JPI Media. | The owner of the Daily Mail, DMGT, has bought the i newspaper and website for £49.6m from JPI Media. |
| DMGT chairman Lord Rothermere said the paper was "a highly respected publication with a loyal and engaged readership". | DMGT chairman Lord Rothermere said the paper was "a highly respected publication with a loyal and engaged readership". |
| "We are committed to preserving its distinctive, high-quality and politically independent editorial style." | "We are committed to preserving its distinctive, high-quality and politically independent editorial style." |
| The Competition and Markets Authority will have to approve the deal. | The Competition and Markets Authority will have to approve the deal. |
| In 2018, the i reported an operating profit of £11m from £34m in sales. | In 2018, the i reported an operating profit of £11m from £34m in sales. |
| The deal means that the paper will have its fourth owner in as many years. | The deal means that the paper will have its fourth owner in as many years. |
| The sale was attacked by Labour leader Jeremy Corbyn, who said in a tweet that two billionaires now owned half the UK's top 10 daily newspapers. | The sale was attacked by Labour leader Jeremy Corbyn, who said in a tweet that two billionaires now owned half the UK's top 10 daily newspapers. |
| 'Time-poor' readers | 'Time-poor' readers |
| The i was first launched in 2010 as a sister paper to the Independent and sells for 65p on weekdays and £1.20 on Saturdays. | The i was first launched in 2010 as a sister paper to the Independent and sells for 65p on weekdays and £1.20 on Saturdays. |
| When it first hit the newsstands, executives at the company said it was aimed at "time-poor newspaper readers", especially commuters, who lacked the time to read a quality newspaper on a regular basis. | When it first hit the newsstands, executives at the company said it was aimed at "time-poor newspaper readers", especially commuters, who lacked the time to read a quality newspaper on a regular basis. |
| At its launch, it shared the same editorial staff as its sister paper and was seen as a way of extending the Independent's brand to a new market. | At its launch, it shared the same editorial staff as its sister paper and was seen as a way of extending the Independent's brand to a new market. |
| But in 2016, the Independent closed its print edition and the i was sold for £24m to Johnston Press. | But in 2016, the Independent closed its print edition and the i was sold for £24m to Johnston Press. |
| Despite this, links to the paper's former parent remained, with the i continuing to provide a print home for some of the Independent's now otherwise digital-only content. | Despite this, links to the paper's former parent remained, with the i continuing to provide a print home for some of the Independent's now otherwise digital-only content. |
| Changing hands | Changing hands |
| In November 2018, the i changed hands again after Johnston Press was bought out of administration by JPI Media. | |
| DMGT had been mulling the purchase for at least a year, but was beaten by JPI Media's deal with administrators. | DMGT had been mulling the purchase for at least a year, but was beaten by JPI Media's deal with administrators. |
| Johnston Press was one of the largest local and regional newspaper organisations in the UK with a history dating back more than 250 years, but it had debts of £220m. | Johnston Press was one of the largest local and regional newspaper organisations in the UK with a history dating back more than 250 years, but it had debts of £220m. |
| The deal leaves JPI with The Scotsman and Yorkshire Post among its biggest titles. In total, it owns about 200 newspaper brands. | The deal leaves JPI with The Scotsman and Yorkshire Post among its biggest titles. In total, it owns about 200 newspaper brands. |
| Who owns the UK's national newspapers? | Who owns the UK's national newspapers? |
| If the DMGT deal is approved, the UK's national newspapers will be owned by just six companies. | If the DMGT deal is approved, the UK's national newspapers will be owned by just six companies. |
| DMGT already owns the Daily Mail, Mail on Sunday and Metro. | DMGT already owns the Daily Mail, Mail on Sunday and Metro. |
| Reach, formerly known as Trinity Mirror, owns the Daily Mirror, Sunday People, Daily Express, Daily Star and associated Sunday titles. | Reach, formerly known as Trinity Mirror, owns the Daily Mirror, Sunday People, Daily Express, Daily Star and associated Sunday titles. |
| News UK, which is part of Rupert Murdoch's media empire, News Corp, owns the Times, Sunday Times and Sun. | News UK, which is part of Rupert Murdoch's media empire, News Corp, owns the Times, Sunday Times and Sun. |
| The Telegraph Media Group, owned by billionaire brothers Sir Fredrick and Sir David Barclay, owns the Daily Telegraph and Sunday Telegraph. | The Telegraph Media Group, owned by billionaire brothers Sir Fredrick and Sir David Barclay, owns the Daily Telegraph and Sunday Telegraph. |
| The Guardian Media Group owns the Guardian and Observer. | The Guardian Media Group owns the Guardian and Observer. |
| And the Financial Times is owned by Japanese media firm Nikkei, after being sold by UK publishing group Pearson in 2015. | And the Financial Times is owned by Japanese media firm Nikkei, after being sold by UK publishing group Pearson in 2015. |