Newspaper entrepreneur Sir Ray Tindle has sold a majority stake in a 200-year-old Sunday newspaper to his company’s outgoing managing director.
But it has now been disclosed that he has purchased a 51pc stake in one of the group’s flagship titles, the Plymouth-based Sunday Independent.
The Independent, which was launched in 1808 during the Napoleonic Wars, is facing a potential challenge from the decision of Local World to take its own Plymouth-based title the Western Morning News to seven day a week publication.
Said Brian: “I am greatly looking forward to an even closer association with the “Indy.” I live near Plymouth and have been involved with this highly regarded Sunday paper most of my career.
“It was launched in 1808 and has survived Napoleon and two World Wars. It has another 200 years ahead.”
Sir Ray added: “Brian will be missed by the whole staff after so many active and exciting years helping to build this company into perhaps the largest independent family weekly newspaper business in the UK.
“He will not be leaving us completely, however, as TNL will be a 49pc partner in the “Indy” and Brian will be looking after our very successful local radio stations in the Channel Islands and Ireland.
“He may not allow himself any time at all actually to retire but we wish him all the very best in his new ventures”.
It has not yet been disclosed whether Brian will be replaced as Tindle group MD.