Media news, and former Mirror editor Piers Morgan is very close to buying media industry trade magazine the Press Gazette. According to the Guardian, Morgan is near to closing a £500,000 - £1 million deal with the magazine's current owners, Quantum, to buy the forty year old weekly title. Word has it Morgan's bid for the magazine is backed financial by the former Mirror man himself and by PR guru Matthew Freud. If successful, Morgan will act as proprietor of the magazine, but will not be its editor.
May 31, 2005
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1 min read
Morgan close to buying Press Gazette
According to the Guardian, former Mirror editor Piers Morgan is close to buying the Press Gazette from Quantum for between £500,000 and £1 million.