SOME of Scotland's most famous local newspapers have attracted two giant US financial institutions as their major shareholder, writes Simon Bain.
Romanes Media Group, created last year from the administration of Dunfermline Press, publishes 32 titles including the Greenock Telegraph, East Lothian Courier, Ardrossan and Saltcoats Herald, and Helensburgh Advertiser, and runs 30 websites.
It has acquired a shareholder in the shape of £18 billion investment bank Goldman Sachs, alongside Texas Pacific, which has investments of £34bn.
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