Trinity Talks To Buy Daily Express Still Ongoing

Trinity Talks To Buy Daily Express Still Ongoing

The publisher of the Daily Mirror newspaper has said it remains locked in discussions over a deal to buy the Daily Express and Daily Star.

In a stock market announcement, Trinity Mirror responded to media reports suggesting a deal with parent firm Northern & Shell could be sewn up this week.

“Trinity Mirror notes the media speculation over the weekend about it acquiring certain assets of Northern & Shell.

“As previously announced, discussions are ongoing, but there can be no certainty that a deal will be agreed,” the company said.

Last year the firm confirmed discussions were under way to buy 100% of Northern & Shell, which is run by Richard Desmond.

It is the second time in less than two years that Trinity has opened talks with Northern & Shell.

Mr Desmond acquired the newspaper titles in 2000 for £125 million, although it is unclear how much a deal would be worth today.

The print media industry is grappling with a decline in print advertising and any combination could herald cost savings and a shared cut of a larger advertising pool.

In 2015 Trinity took over local newspaper group Local World in a near £200 million deal, giving it control of the Cambridge News, Nottingham Post, Hull Daily Mail and Leicester Mercury.

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