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.

Read the whole story at Evening Standard » Recommend (3) Print RSS
All content published by MediaPost is determined by our editors 100% in the interest of our readers ... independent of advertising, sponsorships or other considerations.