The Oldham Evening Chronicle has gone into administration with the majority of its 49 staff made redundant and the daily paper, first established in 1854, ceasing publication.

In a statement today, financial services company KPMG said it had been appointed as the administrator for Chronicle publisher Hirst, Kidd and Rennie.

It said: “Production of the Oldham Evening Chronicle and its companion publications has ceased and regrettably the majority of the staff have been made redundant.”