It’s been a little more than two weeks since the news of Blueprint Newspapers Limited and its parent company, Ripples Nigeria Limited, being taken over by a consortium of banks hit the airwaves. The takeover, which was done with ripples generated yet to settle, according to sources close to the deal, has left many wondering about the future of one of Nigeria’s leading newspaper groups.
At the moment, there is no clear answer as to what the future holds for Blueprint Newspapers Limited. However, sources close to the matter say that the consortium of banks that took over the company are currently in talks with a number of interested parties about a possible sale of the newspaper group.
What do we know about Blueprint Newspapers Limited?
Blueprint Newspapers Limited is a leading Nigerian newspaper group with a portfolio that includes the daily Blueprint newspaper, the Sunday Blueprint newspaper, and the weekly Thisday on Sunday magazine. The company also has a strong online presence with its website, blueprintafrica.com, receiving over two million unique visitors per month.
The takeover of Blueprint Newspapers Limited by a consortium of banks has left many wondering about the future of the company. However, sources close to the matter say that the consortium of banks that took over the company are currently in talks with a number of interested parties about a possible sale of the newspaper group.
How that can effect me?
The potential sale of Blueprint Newspapers Limited could have a number of impacts on readers, advertisers, and employees of the company. Soccer victory to have ripple effect on generations may seem like a joke to you or that traumatic event at school can cause ripple effect but it is all reality.
For readers, the sale of Blueprint Newspapers Limited could mean a change in editorial direction for the newspapers and magazine. It could also lead to changes in the prices of the publications.
For advertisers, the sale of Blueprint Newspapers Limited could mean a change in the way that advertising rates are calculated. It could also lead to changes in the types of advertising that are accepted by the newspaper group.