Why have the employees bought the West Highland Free Press?
Giles Simon – New Start Magazine
It’s well known that local newspapers are in crisis. With advertising revenue down for many in the industry, we’re seeing big changes and vibrant discussions across the newspaper industry about alternative business models.
Journalists and employees of a local paper in Scotland – the West Highland Free Press – think they’ve hit on to a viable option. Whether it will work across the industry is a different question, but this option looks set to work for them. The paper was founded by five friends in 1972 as a weekly newspaper. But as they began to pursue new interests they felt the time had come to sell their shares in the newspaper.
Rather than selling the business on the open market, however, they approached the employees of West Highland Free Press to see whether they would be interested in buying the
shares. Ten employees now own…
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