Trinity Mirror in talks to combine with Richard Desmond's UK papers

Image
Reuters LONDON
Last Updated : Jan 10 2017 | 1:42 PM IST

LONDON (Reuters) - Newspaper group Trinity Mirror said it was in early talks about investing in a new company comprising assets owned by Northern & Shell, Richard Desmond's group that owns the Daily Express and Daily Star titles.

The British publisher of the Daily Mirror said on Tuesday that no offer had been made and there was no certainty that any agreement would be reached.

A combination would unite the left-leaning Mirror with the Daily Star tabloid and the Express, one of the biggest cheerleaders for Brexit. The titles rank fourth, sixth and eighth respectively in the national newspaper rankings compiled by ABC.

British newspaper groups are battling falling print circulation and weakening demand from advertisers.

Analysts have said consolidation could deliver savings and give publishers breathing space to better monetise their online content.

Richard Desmond established his media empire by publishing specialist magazines, including adult titles like the British edition of Penthouse. He launched celebrity title OK! in 1993.

He bought the Express titles, which also include the Sunday Express, in 2000 for 125 million pounds ($152 million).

The early stage talks were first reported by Bloomberg.

($1 = 0.8230 pounds)

(Reporting by Paul Sandle; editing by Sarah Young)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 10 2017 | 1:22 PM IST

Next Story