Publisher insists its finances remain healthy after sealing the regional deal – and refuses to rule out making a renewed tender for the Express and Star titles
Trinity Mirror’s share price has surged as much as 10% as the publisher confirmed a £220m deal to create the UK’s biggest regional newspaper group,and refused to rule out making another move to buy Richard Desmond’s national titles.
Trinity Mirror’s deal to acquire Local World will effectively double its regional newspaper operation to more than 160 titles, accounting for 30% of the weekly circulation of all local papers in the UK.
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Source: theguardian.com