Johnston Press: Administration

Part of the debate – in the House of Commons at 3:41 pm on 19th November 2018.

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Photo of Lisa Nandy Lisa Nandy Labour, Wigan 3:41 pm, 19th November 2018

We do not need a review to tell us that this is a story of pure greed. A handful of people have creamed off huge profits and left a debt-laden struggling company in the hands of hedge funds, with staff yet again paying the price. That hedge fund rescue package will be of little comfort to smaller titles like the Wigan Evening Post and the Wigan Observer that will not prove lucrative for asset strippers and face a very uncertain future at best. Will the Secretary of State intervene to ensure that long-term guarantees are provided for those smaller titles? They are not just the lifeblood of local democracy, as he rightly said; they are also the only talent pipeline left for young working-class people to break into journalism, and those young people are today left wondering what on earth the future holds for them.