Trinity Mirror Agrees to Buy U.K. Tabloid Rival

The offices of Northern & Shell, the publisher of The Daily Express, in London.

LONDON — As the tabloids might say: Trinity Mirror in Daily Express Shock!

Trinity Mirror, which publishes The Daily Mirror, said on Friday that it had agreed to acquire the print assets of the Northern & Shell Media Group, which publishes The Daily Express, in a deal that would bring together news outlets on opposite ends of the political spectrum and shake up Britain’s fiercely competitive newspaper market.

The deal is valued at 126.7 million pounds, or about $176 million. Assuming it goes through, Trinity Mirror’s holdings will run the political gamut, from The Daily Mirror, the best-selling newspaper in Britain on the left, to The Daily Express on the right.

Trinity Mirror publishes more than 150 newspapers in Britain and Ireland, including the Manchester Evening News.The purchase would add a diverse group of other publications to that roster, including the celebrity magazines OK!, New! and Star and the newspapers The Sunday Express, The Daily Star and The Daily Star Sunday.

The deal also clears the way for the exit from the news media industry of Richard Desmond, Northern & Shell’s colorful chairman and founder, a billionaire who made his money in adult and celebrity magazines.

Simon Fox, the Trinity Mirror chief executive, said in a statement that the deal would benefit readers and shareholders, adding that Northern & Shell’s titles would bring his company “a large and loyal readership, a growing digital presence and a stable revenue mix.”

Publishers are looking to control costs as newspapers and magazines have struggled with falling circulation and declining print advertising. Newspapers in Britain have also had to contend with a phone-hacking scandal that was especially damaging to the tabloids.

Under the terms of the deal, Trinity Mirror would initially pay £47.7 million in cash and issue £20 million in shares, and then pay an additional £59 million between 2020 and 2023. Trinity Mirror said it expected the deal to save the company £20 million a year by 2020.

The deal came together six months after Trinity Mirror said it was in negotiations to potentially buy Northern & Shell’s print assets and after Trinity Mirror had previously flirted with buying the company’s newspaper assets.

Trinity Mirror initially expressed an interest in Northern & Shell’s newspapers in 2015, but after failing to reach a deal, it acquired the newspaper publisher Local World Holdings in November of that year for £187.4 million, including debt.

The Mirror and The Express were once the deadliest of rivals; in the decades after World War II, they were Britain’s two best-selling daily newspapers, each with a circulation that peaked well over four million.

In December, according to ABC, the industry body that audits British newspaper circulations, The Daily Mirror sold an average of 581,877 copies a day, and The Daily Express a daily average of 364,933.

In Other News

fake money

Keywords clouds text link 

Dịch vụ seo, Dịch vụ seo nhanh , Thiết kế website ,  máy sấy   thịt bò mỹ  thành lập doanh nghiệp
Visunhomegương trang trí  nội thất  cửa kính cường lực  Vinhomes Grand Park  lắp camera Song Phát thiết kế nhà thegioinhaxuong.net/

Our PBN System:  thiết kế nhà xưởng thiết kế nội thất thiết kế nhà tem chống giả

aviatorsgame.com ban nhạcconfirmationbiased.com 
radiantcitymovie.comeatatdistrict.com
chaletedelweiss.useve-razor.com
occastudios.commoscasenlasopa.net
skaratoken.comshowdx.com
thelettersmovie.comheritage-gifts.com
singstreetmovie.comdeadaccountsonbroadway.com
moscasenlasopa.netratchasima.net
eatatdistrict.comthe-movie-trailer.com 
theboroughraleigh.comradio-electronics.co
mariankihogo.com  ốp lưngGiường ngủ triệu gia  Ku bet ku casino

https://maysayhaitan.com/  https://dovevn.com/ buy fake money https://sgnexpress.vn/ máy sấy buồn sấy lạnh

mặt nạ  mặt nạ ngủ  Mặt nạ môi mặt nạ bùn mặt nạ kem mặt nạ bột mặt nạ tẩy tế bào chết  mặt nạ đất sét mặt nạ giấy mặt nạ dưỡng mặt nạ đắp mặt  mặt nạ trị mụn
mặt nạ tế bào gốc mặt nạ trị nám tem chống giả

https://galaxymedia.vn/  công ty tổ chức sự kiện tổ chức sự kiện
Ku bet ku casino
Sâm tươi hàn quốc trần thạch cao trần thạch cao đẹp

suất ăn công nghiệpcung cấp suất ăn công nghiệp

https://docs-cashshop.com/
https://galaxymedia.vn/dich-vu-to-chuc-su-kien-la-gi-quy-trinh-to-chuc-su-kien-nhu-the-nao-id3108.html

© 2020 US News. All Rights Reserved.