The owner of the Mirror newspapers has sealed a £127m deal with Richard Desmond to buy his Express and Star national titles, as well as celebrity magazine OK!
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The owner of the Mirror newspapers has sealed a £127m deal with Richard Desmond to buy his Express and Star national titles, as well as celebrity magazine OK!
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.
Daily Express owner Northern & Shell is in discussions with rival newspaper group Trinity Mirror about the potential sale of a minority stake in its newspapers and a deal to share back-office operations.
Richard Desmond has sold his adult TV business, including the Television X and Red Hot channels, severing his last link with the adult entertainment industry that helped the Daily Express and Daily Star owner make his fortune. Desmond’s company, Northern & Shell, announced on Friday it had sold its adult broadcasting arm, Portland Television, in […]
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.
Trinity Mirror are in talks with Richard Desmond about potentially buying the Daily Express
The real way forward for publishers is to keep control of their data through a supply-side strategy.
Northern & Shell, the owner of Express Newspapers and OK magazine, reported a pre-tax profit of £43.9 million in 2013, up from £20.1 million pre-tax loss in 2012 after record figures at Channel 5
Northern & Shell, the owner of Express Newspapers and OK magazine, reported a pre-tax profit of £43.9 million in 2013, up from £20.1 million pre-tax loss in 2012 after record figures at Channel 5