David Montgomery, a former CEO of Trinity Mirror and editor of the News of the World has emerged as the potential buyer of the Express and Star newspapers, in a complicated deal with their current owner Richard Desmond that could also see Trinity Mirror take a minority stake
The publisher of the Daily Mirror and Sunday Mirror already owns a 20 per cent stake in Local World and said it is now considering a deal worth £200 million to acquire the remaining 80 per cent
Trinity Mirror, which also owns the Sunday Mirror, Sunday People and a portfolio of regional titles, has been locked in talks with Desmond since at least March over a sale of “certain” newspaper assets owned by Northern & Shell.
Daily Mirror publisher understood to be looking at £200m deal for group owning titles that include the Nottingham Post and the Cambridge News. Local World
Three of the UK’s four large regional newspaper groups are to pool their digital advertising space, giving brands access to more than 50 million online readers as they attempt to fight back against the drain of ad spend to tech companies such as Microsoft, Google and Facebook
David Montgomery’s local newspaper publisher earns DMGT and Trinity Mirror shared payout of more than £22m
