Department for Digital, Culture, Media and Sport: GoldenTree Asset Management

Department for Digital, Culture, Media and Sport written question – answered on 27th November 2018.

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Photo of Tom Watson Tom Watson Deputy Leader of the Labour Party, Shadow Secretary of State for Digital, Culture, Media and Sport

To ask the Secretary of State for Digital, Culture, Media and Sport, whether (a) he or (b) officials from his Department have (i) met or (ii) been in correspondence with representatives from GoldenTree Asset Management since his appointment.

Photo of Jeremy Wright Jeremy Wright The Secretary of State for Digital, Culture, Media and Sport

An error has been identified in the written answer given on 27 November 2018.

The correct answer should have been:

I updated the House on Monday 19th November regarding Johnston Press. Johnston Press had a number of creditors including Golden Tree Asset Management, Fidelity, Caravel Asset Management, and Benefits Street Partners. As I set out on 19 November, a consortium of creditors formed JPI Media to take over the assets of Johnston Press. DCMS has been in contact with a number of stakeholders in relation to the takeover.:I spoke with David King (Chief Executive of JPI Media) and John Ensall (Director at JPI Media). Officials at DCMS have also spoken to representatives of Johnston Press and JPI Media.

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Photo of Jeremy Wright Jeremy Wright The Secretary of State for Digital, Culture, Media and Sport

I updated the House on Monday 19th November regarding Johnston Press. Johnston Press had a number of creditors including Golden Tree Asset Management, Fidelity, Caravel Asset Management, and Benefits Street Partners. As I set out on 19 November, a consortium of creditors formed JPI Media to take over the assets of Johnston Press. DCMS has been in contact with a number of stakeholders in relation to the takeover.:I spoke with David King (Chief Executive of JPI Media) and John Ensall (Director at JPI Media). Officials at DCMS have also spoken to representatives of Johnston Press and JPI Media.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.