Tindle Newspapers has announced the launch of two new local titles and promised a bonus for all full-time employees of at least £125.

The publisher said each member of staff will be given a lump sum of at least £125, which will increase based on the individual profits of each Tindle centre, taking it up to a maximum of £400 per person.

According to the publisher, which produces more than 200 newspapers, the full £400 will be distributed to all full-time staff in at least 12 of its 34 centres.


The company has also announced it will be launching two new titles and buying a third, although further details on this have not been given. It is not yet known if this will see the recruitment of more staff, but is said to be likely.

Group chairman, Sir Ray Tindle, said in a release: "We have been hit by the economic downturn like any other group but most of our local community papers around the country are performing better than the average and providing the profits to keep the others going.

"Plans are well advanced for us to buy or launch more of these titles, especially in the West country and Wales, but also in places where communities have lost or never had their own papers. These newspapers are the lifeblood of their communities and readers are calling out for them."


The new launches follow two earlier this year in Chingford, London and Pembroke Dock in Wales. The company said the financial success of these papers prompted Tindle to launch further titles and reward staff.

In a letter to employees, Tindle said that eight or nine of its 34 centres are losing money.

"The Group's profits are currently running at around one fifth (20 per cent) of 2007 and still falling.

"Despite this the directors are proud that the company is the only newspaper group which has not yet had to turn to redundancy to keep the ship on an even course. No journalist has been asked to leave our employ".

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