The future of a local newspaper publisher has been secured after its former boss bought the firm out of administration, saving 21 jobs.
TriMedia Newspapers, which publishes the Basingstoke Observer and both editions of the Oxfordshire Guardian, has been sold to former managing director and chief executive Howard Taylor under the new company name Taylor Newspapers.
Howard also revealed the new company will relaunch the extinct Oxford Journal on Wednesday ahead of its 40th anniversary in January.
The Oxford Journal title was scrapped and rebranded as the Oxfordshire Guardian in December last year, but Mr Taylor said he wanted to bring back the original title with a new remit.
Said Howard: “While we have been through an extremely difficult period, we are through that now and we have a very promising future ahead.
“It might seem like an odd time to relaunch a paper, right before Christmas, but we felt it was the right time as we celebrate 40 years since the Oxford Journal first launched in 1973.
“This will be a lot more Oxford-centric, rather than covering the whole county. It will be a niche publication for Oxford, within the boundaries of the ring road.”
TriMedia Newspapers, which went into administration on October 25, has 21 people on its staff including four journalists. Howard said he was also recruiting two more to add to the team.
It was saved from the axe after he and administrators Wilkins Kennedy reached a purchase agreement on October 30, and the firm was sold as a going concern. All staff and assets have been transferred.