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Observer · 07-09-2005, 13:22

Atarah is mostly correct - except that the Oberver was not struggling at all when the decision to sell to the Guardian Media Group was made. The business reaped the benefits from the investments made in more modern computerised typesetting technology in the 1980s and was making a healthy profit when the sale was concluded in 1989.
There were a number of reasons for the sale principal amongst them being an extremely attractive offer from the Guardian and the then owners' recognition that Accrington's best days were probably behind them.
Incidentally, I have the original memorandum of sale document recording the purchase of the business by Richard S Crossley from George Toulmin.

07-09-2005, 13:22	#34
Observer Junior Member+ Join Date: Sep 2005 Posts: 16 Liked: 2 times Rep Power: 0	Re: Accrington Observer Atarah is mostly correct - except that the Oberver was not struggling at all when the decision to sell to the Guardian Media Group was made. The business reaped the benefits from the investments made in more modern computerised typesetting technology in the 1980s and was making a healthy profit when the sale was concluded in 1989. There were a number of reasons for the sale principal amongst them being an extremely attractive offer from the Guardian and the then owners' recognition that Accrington's best days were probably behind them. Incidentally, I have the original memorandum of sale document recording the purchase of the business by Richard S Crossley from George Toulmin.