Trinity Mirror seeking to bundle newspaper industry

Trinity Mirror, the UK’s largest local newspaper group and publisher of the Daily Mirror, is eyeing further consolidation, as the industry races to tackle the long-term decline of print publishing. “We see ourselves as a consolidator in the newspaper industry and will continue to do so subject to tight financial returns,” said chief executive Simon Fox, as the group reported like-for-like print advertising revenues fell 18 per cent in 2016. Trinity is in early stage talks with Northern & Shell, the parent company of the Express newspaper titles and OK Magazine, which could lead to it taking a stake in some of the Richard Desmond-owned assets.

read more

Gossip magazine group buys newspaper rival RCS Mediagroup In Italy

A gossip magazine owner and former employee of Silvio Berlusconi has become the owner of Italian national newspaper Corriere della Sera in the latest shake up of the country’s media market. Urbano Cairo, a self made entrepreneur behind Cairo Communication and publisher of top-selling national gossip weeklies DiPiu and Diva, gained 48.8 per cent of shares tendered in a €1bn battle for RCS Mediagroup, Corriere della Sera’s loss making owner.

read more

Gannett Increases Offer For Tribune Publishing

Gannett today announced that it has increased its offer to acquire Tribune Publishing Company to $15.00 per share from $12.25 per share — a 22.5% increase. The move comes after its initial bid was rejected and Tribune adopted a “poison pill” plan to block the offer

read more

Why does Jack Ma want to own a newspaper?

Why would a hugely successful businessman make himself an easy target for critics who suspected his real intent was to prune an occasional thorn in Beijing’s side? SCMP readers are now asking exactly the same question of Jack Ma, the Chinese magnate who has agreed to pay $266m for the paper. The Alibaba Group chairman is China’s second-richest man and has expanded from his internet base into sectors as diverse as financial services and sport

read more

Tribune Publishing: No, We’re Not For Sale

Rupert Murdoch indulged in some good old-fashioned rumor-mongering over the weekend, triggering an online frenzy with his tweet on Friday that Tribune Publishing will be sold in the near future. However, Tribune moved to dispel the rumor Monday, with a statement that it has no offers pending and is not for sale

read more