The local news outlet Manchester Mill is preparing to expand across the UK after being valued at £1.75m by a group of investors including the former New York Times boss Mark Thompson.
Joshi Herrmann, the founder, said his startup was considering Leeds, Birmingham, Glasgow and Newcastle among the targets for new versions of its high-end paywalled local newsletter model. “We’ve shown in the past few years that very high quality reader-funded local media is possible,” he said. “What we’ve done is build up an unusually zealous and committed number of readers who want better coverage, better writing, better investigative writing.”
