Nigel McNelly
Opus Corporate Finance
CN Group
Deal Type
Company sale
Sector
Technology
Completion Date
12th March 2018
Deal Value
Not disclosed
Company Background
CN Group Ltd. operates three divisions including publishing, radio, and print. The publishing division is responsible for the group's newspaper publishing and associated activities in Cumbria, Northumberland, Northern Lancashire and Scotland. Its print division produces everything from newspapers, magazines and directories to prospectuses, guides and specialist bespoke publications. The radio division operates radio stations.
Deal Summary
Advised the shareholders of CN Group on the sale of the business to Newsquest Media Group.
CN Group publishes two daily and five weekly newspapers, in addition to four monthly magazines in Cumbria and Northumberland. It also owns and runs a number of events in the North West of England and operates a printing press in Carlisle.
This transaction completes Opus’ recent involvement with CN Group, having also advised on the sale of the group’s radio stations, The Bay and Lakeland Radio, to Global Media and Entertainment.
