A Welsh national interest magazine has been saved from closure after an independent newspaper publisher bought a 50pc share in the business.
It had been thought January’s edition of Cambria magazine would be its last after 18 years, but MegaGroup Newspapers Ltd has secured the investment, meaning it will return to print in late June.
Under the new structure MegaGroup, which has published the Pembrokeshire Herald since summer 2013 and launched the Carmarthenshire Herald and Llanelli Herald in March this year, will run the advertising sales and operations side of the business.
Cambria, which describes itself as “the national magazine of Wales”, will retain co-founder Frances Jones-Davies will as editor.
Said Frances: “I am absolutely delighted. Our subscribers have been tremendously loyal and all those I have talked to have promised continued support for the magazine they consider to be of vital importance to Wales, perhaps even more so now than when it first started just before the 1997 Referendum when its founder Henry Jones-Davies was involved with the Yes campaign.
“The ethos behind Cambria, the national magazine of Wales, has always been to encourage greater awareness of Welsh history and heritage, and to present Welsh affairs from a positive Welsh perspective.
“Media in Wales has been dominated for a long time by external corporations; within this environment to witness the growth of Mega Group is a very exciting and welcome development.
“Our readers know that we have always believed that a strong home grown media is a signal of the success of a country and its economy.”
Thomas Sinclair, MegaGroup managing director, said: “We are proud to assist Frances and her very talented team with keeping Cambria going.
“We will ensure that it is around for many years to come.”