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  1. Tyne Tees

Local newspaper group sold to new owner

Johnston Press, which owns nine local newspapers in the North East and North Yorkshire, has been sold.

The company was placed into administration with £220 million in debt. Its businesses and assets have now been sold by the Administrators to a newly formed group of companies run by the holders of the debt.

Johnston Press says the sale will preserve jobs and ensure business will carry on as normal.

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