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You can find the current article at its original source at http://www.guardian.co.uk/media/greenslade/2013/jul/08/local-world-mecom
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Ex-Mecom chairman backs Local World | Ex-Mecom chairman backs Local World |
(2 months later) | |
Scottish businessman Alasdair Locke has "emerged" as one of the backers of regional newspaper group Local World, which is chaired by David Montgomery, reports Scotland on Sunday. | Scottish businessman Alasdair Locke has "emerged" as one of the backers of regional newspaper group Local World, which is chaired by David Montgomery, reports Scotland on Sunday. |
Locke was chairman of Mecom, the pan-European newspaper publisher founded by Montgomery, and left it soon after Monty's departure in 2011. | Locke was chairman of Mecom, the pan-European newspaper publisher founded by Montgomery, and left it soon after Monty's departure in 2011. |
According to the newspaper report, Locke "pocketed nearly £120m" in 2007 by selling his Aberdeen-based oil and gas services company, Abbot Group, to a private equity firm. | According to the newspaper report, Locke "pocketed nearly £120m" in 2007 by selling his Aberdeen-based oil and gas services company, Abbot Group, to a private equity firm. |
The major investors in Local World include Trinity Mirror and the Daily Mail & General Trust. | The major investors in Local World include Trinity Mirror and the Daily Mail & General Trust. |
Source: Scotland on Sunday Hat tip: AllMediaScotland | Source: Scotland on Sunday Hat tip: AllMediaScotland |
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