Daily Mirror publisher in talks to buy stake in the Daily Express

One of the most left-wing papers is in talks to buy a stake in one of the most right-wing

Ravender Sembhy
Tuesday 10 January 2017 09:07
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The publisher of the Daily Mirror newspaper has confirmed talks are under way to acquire a minority stake in Daily Express publisher Northern & Shell.

Trinity Mirror said on Tuesday discussions are at an "early stage" with the group, which is owned by Richard Desmond.

"The board of Trinity Mirror plc notes the recent media speculation and confirms that it is at an early stage of discussions towards taking a minority interest in a new company comprising certain of Northern & Shell's assets.

"No offer has been made and there is no certainty that any agreement will be reached," Trinity said in a statement.

It is the second time in under a year that Trinity has opened talks with Northern & Shell, which owns the Daily Express and Daily Star titles.

Mr Desmond acquired the titles in 2000 for £125 million.

A tie-up between the left-leaning Mirror and the Brexit-backing Express would raise eyebrows but could make commercial sense.

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.

PA

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