- Trinity Mirror will buy string of Northern & Shell titles including Express and Star
- Mogul Richard Desmond acquired the newspaper titles in 2000 for £125 million
- The deal could herald cost savings and a shared cut of a larger advertising pool
Newspaper publisher Trinity Mirror has agreed a £126.7 million deal to buy a string of Northern & Shell titles including the Daily Express and Daily Star.
Richard 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.
More to follow.