Most holy and undivided Trinity

9 January 2003

The woestruck Daily Mirror is weighing down Trinity’s share. The transparency of a spinout would almost certainly create value. And if Trinity’s new boss doesn’t act, she’ll carry the can if the newspaper’s decline goes on. Sticking with the status quo would be daft.

This content is for Subscribers only

Context News

Trinity Mirror is facing pressure to reverse the merger that created it. 4.5% shareholder Tweedy, Browne has publicly called for a spinoff of its national newspaper business, headed by the daily tabloid The Mirror. The USbased investor argues that the national newspapers which also include the Sunday Mirror, the People, and the Scottish Daily Record could then be sold for 13 times their ebitda, or nearly £1bn. Trinity would be left with regional newspaper and magazines, which accounted for £531m of its £1.1bn turnover in 2001.

Trinity has appointed a new chief executive, Sly Bailey, who will take over in February 2003.

Email a friend

Please complete the form below.

Required fields *