Not so tricky

8 September 2017 By Liam Proud Follow @liamwardproud

The publisher of the left-wing Daily Mirror may buy the anti-EU Daily Express. Trinity Mirror’s prior print purchases have boosted margins despite falling revenue, and a mooted 130 mln pound price is affordable. Pension liabilities, not politics, may be the main sticking point.

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Trinity Mirror, publisher of the Daily Mirror newspaper, on Sept. 8 said it is in talks to buy the publishing assets of Richard Desmond’s Northern & Shell group.

The UK group said in January it was discussing taking a minority stake in a company that included Northern & Shell titles including the Daily Express and Daily Star tabloids and celebrity magazines OK! and Star.

The Guardian on Sept. 8 reported that the deal could be worth about 130 million pounds. Trinity Mirror’s market capitalisation was about 250 million pounds based on its Sept. 7 closing price.

Shares in Trinity Mirror were flat at 91.3 pence at 0830 BST on Sept. 8.

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