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Exchange & Mart : ウィキペディア英語版
Newsquest

Newsquest is the third largest publisher of regional and local newspapers in the United Kingdom with 300 titles in its portfolio. Based in Weybridge, Surrey, Newsquest employs a total of more than 5,500 people across the UK. It also has a specialist arm that publishes both commercial and business to business (B2B) titles such as ''Insurance Times'', ''The Strad'', and ''Boxing News''.
==History==
Newsquest was founded in 1995 when US private equity partnership Kohlberg Kravis Roberts financed a £210 million management buy-out of the Reed Regional Newspapers group of British papers from Reed Elsevier.
In 1996 Newsquest swapped its Yorkshire titles for Johnston Press’s Bury, Lancashire area titles and £9.25 million, sold some of its titles in the English Midlands to Midland Independent Newspapers and bought the Westminster Press local newspapers group for £12.3 million from Pearson, owner of Penguin Books and the ''Financial Times'', resulting in Newsquest doubling in size. The next year it floated on the London Stock Exchange realising a market capitalisation of £500 million.〔( ''History'', Newsquest website. Undated ).Accessed: 12 September 2007.〕 In 1998, Newsquest added the Sussex-based ''Contact-a-Car'', the ''London Property Weekly'' titles, two titles in the North West of England, and three ''Review'' Group titles in Hertfordshire.
In 1999, The US Gannett media group's newly formed UK subsidiary paid £922 million (about US $1.5 billion) for Newsquest and took on the company’s debt.〔( ''Pro Forma Financial Statements'', Securities and Exchange Commission, London. 1999 ).Accessed: 12 September 2007.〕 In 2000, Gannett paid £525 million for Southampton-based News Communications and Media’s South Coast dailies and weeklies – and its Southernprint magazine printing division – to add to Newsquest’s portfolio. It also picked up the regional newspapers business – outside Manchester – of the Guardian Media Group, a takeover that the Competition Commission cleared as there was 'no overlap, in the companies' circulation areas.〔( ''Gannett Uk/Johnston Press/Guardian Media Group/Regional Independent Media Holdings Newspaper Inquiry'', Competition Commission. 22 August 2000 ).Accessed: 12 September 2007.〕
In 2001, Newsquest bought Surrey and Sussex Publishing and Horley Publishing, publishers of ''Gatwick Life'' and ''Horley Life'' and the Dimbleby Newspaper Group’s nine Greater London weeklies, including the ''Richmond and Twickenham Times'' for a reported £8 million.〔("Dimbleby's pledge to journalists in wake of £8m sale", ) ''Press Gazette'', 13 April 2001. Accessed: 12 September 2007.〕
In 2003, Gannett UK paid £216 million for the Scottish Media Group’s three newspapers – Glasgow’s ''Herald'', ''Sunday Herald'' and ''Evening Times''– 11 specialist consumer and business-to-business magazines and an online advertising and content business. The Competition Commission again inquired into this purchase but cleared it all the same.〔(''Gannett/Smg Merger Inquiry'', Competition Commission, London. 29 January 2003 ). Accessed: 12 September 2007.〕 In 2005, Newsquest’s ''Exchange Enterprises'' division paid £50.25 million for ''Exchange & Mart'' and ''Auto Exchange'' from ''United Advertising Publications'' after the small ads weeklies' publisher's parent, United Business Media, decided to concentrate on its 'core activities'.〔( ''United Business Media sells UK Automotive titles to Newsquest'', United Business Media. 16 September 2005 ).Accessed: 12 September 2007.〕 Newsquest also owned the formerly named ''Brentford, Chiswick and Isleworth Times'', later known as the ''Hounslow and Brentford Times'', which closed in 2010.
Gannett had on 11 December 2006 said it had no plans to sell Newsquest, contradicting a story in the previous day's ''Sunday Express'' that claimed the media giant is carrying out a company review with the Credit Suisse investment bank, and could sell Newsquest for up to £1.5bn. Gannett had replied by saying: "There is no truth in the report. Newsquest is a valuable part of the Gannett company."〔(''Newsquest not for sale, says Gannett'', Media Guardian, The Guardian, 11 December 2006 ).Accessed: 12 September 2007.〕
In early July 2007, Newsquest’s staff pension scheme was ‘£65 million in deficit’, a company memo to its employees had said, media analyst Roy Greenslade wrote in his 2 July 2007 blog at ''The Guardian''’s website.〔(''Newsquest staff 'reeling' from pensions 'bombshell' '', GuardianUnlimited, 2 July 2007 ) Accessed:2007-09-13.〕 Members of the company’s workforce, management could, the company had said, increase their contributions (from 6% to 10%) to keep the same final salary scheme; they could pay in less for an inferior version; they could opt for a ‘money purchase’ scheme; or ‘ditch’ their pension altogether.
The company’s US parent Gannett had on 18 June reported that revenues from its newspapers and broadcasting had fallen – but, the US press release said: ‘Newsquest experienced higher national advertising revenue’.〔( ''May Statistical Report'', Gannett Inc., McLean, VA, 18 June 2007 ) Accessed:2007-09-13.〕 It was "hardly a picture of a company suffering from poor health", commented Greenslade.
Newsquest on 8 August 2007 started offering users of its Greater London titles' websites downloadable supermarket coupons, which could be redeemed against at supermarkets including Tesco, Asda, Sainsbury’s and Morrisons for money off a range of goods from cranberry products to canned pet food.〔( ''Newsquest Media Group launches online printable coupon gallery...'', Couponstar, 8 August 2007 ) Accessed:2007-09-13.〕 Newsquest’s regional digital and display manager Eddie Embleton was "very excited by the prospects that this new initiative presents...An online and offline campaign has been prepared to drive our readers and users directly to the appropriate coupon galleries, with the print element specifically aimed at driving traffic to our website and turning our readers into users’. The company hoped to ‘launch the gallery across the whole of the Newsquest network", the press release added.
In March 2012, ''The Guardian'' reported the results of an indicative ballot held by the National Union of Journalists among its members at Newsquest, which found that more than 80% were prepared to strike if they were not given a pay rise within the year.

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