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Daily Mail owner considering bid for Johnston Press' "i" newspaper-Sky

Reuters  |  LONDON 

(Reuters) - The owner of the has drawn up a plan to make an offer for the "i" title from after the struggling regional publisher put itself up for sale, reported on Saturday.

Johnston Press, the publisher of The Scotsman, The and "i", put itself up for sale in October as it labours under the weight of debt, pension obligations and deteriorating

said and General Trust is drawing up plans to make an offer for the "i", a sister title of the Independent which was sold to for 24 million pounds in 2016, when the Independent became a digital-only publication.

has a 220 million pound bond which is due for repayment next year. Sky said a sale of the "i" could generate between 50 million and 100 million pounds ($65 million-$130 million).

A for Johnston Press declined to comment on the report about the "i" but said the formal sale process launched on Oct. 11 was ongoing. A for DMGT could not immediately be reached for comment.

($1 = 0.7707 pounds)

(Reporting by Kate Holton; Editing by Hugh Lawson)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 10 2018. 21:11 IST
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