Thursday, August 17, 2006

For sale: one daily newspaper, nearly new

The Times reported yesterday that administrators for The Sportsman were going to place an advertisement in The Sunday Times under the heading 'Business For Sale' in an attempt to find a buyer for the paper.

One of the administrators was quoted as 'confident' a buyer would be found within the next two weeks.

I would suggest that if the business is being advertised in this manner then it's more in desperation than confidence and it is unlikely a buyer will be found.

As the paper starts to sack employees, there are a couple of rumours doing the rounds - one that it will relaunch as a freesheet and one that a revised business plan will concentrate on horse racing.

Watch this space.

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