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.

Click here for article.

Contact Us
You have 0 items in your cart. Proceed to checkout?
Yes, please!