Newspaper Shares Up On Merger Talks

Trinity’s shares rose 1.6 pounds, or 3%, to 52.9 pounds and Johnston’s gained 0.4 pounds, or 4%, to 10.5 pounds after Daily Mail and General Trust confirmed talks to sell its Northcliffe Media regional newspapers business. Northcliffe’s likely buyer is former News Of The World editor David Montgomery, who plans to pool Northcliffe’s assets with the newspapers of privately owned Iliffe News & Media in a new private equity-backed vehicle.

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