A newspaper set up by an ex-Johnston Press journalist in competition with his previous employer has been sold for an undisclosed sum.
The monthly Scarborough Review, launched by former Scarborough News sub-editor Pete Spence in August last year, will now come under the ownership of York-based Your Local Link Media, although Pete will retain shares in the business.
In the last few months Pete says the Review has increased in pagination from 36 to up to 52 pages with an increase in print run to 11,000 copies, and also an increase in outlets offering distribution of the free title.
As editor he will continue to be responsible for content within its pages following the takeover.
Said Pete: “The Scarborough Review is still very much a local newspaper covering Scarborough, Filey, Hunmanby and surrounding villages.
“To have the backing of a company like Your Local Link Media Group is absolutely fantastic and means the Review can progress to the next level.
“Your Local Link have an advertising directory that covers the Scarborough area but instead of working against the Review, they recognised the potential for it to not only work in tandem with their products, but to also give them a major boost.”
He declined to say how much the title had been sold for.
Pete’s decision to launch the review came after Johnston Press’ decision to switch its Scarborough News title from a daily to a weekly publication in 2012.
Your Local Link managing director Gini Guttery said: “The Scarborough Review is unique in that it is setting the trend against the negative things that are happening with local newspapers.
“We saw an opportunity to get involved and we are delighted that after such a short period of time working with Pete, that the Review has quickly found its place within the market and is proving to be a real success.”