Expansion outside London of free business daily City A.M. is put on hold until the economy “gets back to something like normal” according to chief executive Jens Torpe in Press Gazette.
Our old friend Lawson Muncaster (City AM, Managing Director) announced the intended expansion at a Conference in early October 08. We thought at the time that it was an unlikely to happen and we felt that the claim was more of a Conference headline that a serious aim.
Lets keep in mind that the economy was hardly 'normal' in October when the announcement was made.
Jens and Lawson are serious players. They have the knowledge and talent to weather the storm and the absolute last thing they need to do right now is expand.