Trinity Mirror Newspaper Group Buys Express and Star in £200M Deal

(From The Guardian)

The owner of the Mirror newspaper group has sealed a £200m deal with Richard Desmond to buy his Express and Star national titles, as well as the celebrity magazine OK!

Trinity Mirror, the publisher of the Labour-supporting Daily and Sunday Mirror as well as the Sunday People, has paid £126.7m for Desmond’s Brexit-supporting titles. The company has also agreed to invest £70.4m in staff pension schemes through to 2027.

The company’s share price surged nearly 15% in early trading, with investors buoyed by the financial benefits and cost saving opportunities of one of the most significant mergers among British national newspapers in decades.

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