Trinity Mirror zeroes in on deal to buy Express as Local World talks stall

daily-express-logoThe parent company of the Daily Mirror is understood to be zeroing in on a deal to buy Richard Desmond’s Daily Express, after being blocked from making a move on its other potential target, regional paper group Local World.

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 was also in talks with David Montgomery’s Local World, in which it owns a 19.98% stake, about a potential takeover of the business.However, it is understood that the move was blocked by Lord Iliffe, the chairman of Yattendon Group, which merged the Iliffe News and Media regional newspaper group with Daily Mail & General Trust’s Northcliffe arm to create Local World.

For the full story read The Guardian