Here's an interesting tale, courtesy of HoldTheFrontPage, about a boardroom struggle between two family-run regional newspaper groups.
Ray Tindle, champion of ultra-local journalism and now, arguably, the most acquisitive of publishers, decided to buy a controlling interest in NWN Media, which publishes a series of papers in north Wales and Cheshire.
But his bid split the NWN board, with one group favouring him and the other rejecting his move. Result? A high court action last July in which the judge ruled against the proposed sale of shares to the Tindle group.
And the consequence of that decision has been a boardroom shake-up at NWN with the departure of the faction who backed the sale to Tindle, including the chairman and vice chair.
The case came to light after NWN issued a press release last week that mentioned "a period of some flux" in the company and extolled the virtues of being family owned. Then again, I suppose Tindle is also family owned.
More details available at HoldTheFrontPage here and the full law report can be found here.
