Biggest shake-up in UK newspaper industry for more than a decade

 

Trinity Mirror, publisher of GAAPweb, Totally Legal and Secsinthecity, is in talks with Northern & Shell to buy all of its publishing assets.

As well as the Daily and Sunday Mirror, Trinity Mirror also publishes the Daily Record, the Sunday People and over 200 regional newspaper titles. Trinity Mirror claims to be the largest national and regional multimedia content publisher in the UK reaching 38.6 million people every month via its network of titles and more than 80 websites.

Trinity Mirror Digital Recruitment (TMDR) is the UK’s largest portfolio of specialist job sites with leading brands across key business functions.  Fish4Jobs is the Group’s flagship recruitment site.

Richard Desmond paid £125 million for the Express titles in 2000 and Northern & Shell currently also publishes the Daily Express, Sunday Express, Daily Star and Daily Star Sunday. It also publishes celebrity magazines OK!, new! and Star, and has a 50% stake in the Irish Daily Star.

Analysts see this latest move as a massive consolidation in an oversupplied market where cost savings from combining operations could be considerable.

This is in addition to readerships abandoning print for online.

If approved, the takeover will be the biggest deal to hit Fleet Street since Sir David and Sir Frederick Barclay bought the Daily Telegraph for £665m in 2004.

 

Wednesday, 13 September 2017

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Desmond Richard Date: Sep 13, 2017

It's interesting to note how much Desmond's been making out of the Express whilst it has been languishing these past few years. And his staff have, until recently, been on a long term pay freeze... https://www.theguardian.com/media/2017/sep/08/how-much-has-richard-desmond-made-from-express-newspapers

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Biggest shake-up in UK newspaper industry for more than a decade