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Trinity Mirror Confirms GBP220m Deal For 'Local World' Control

The publisher of the Daily Mirror has confirmed its deal to take control of Local World, cementing its place as the UK's biggest regional newspaper publisher. Trinity Mirror, which also owns the Sunday People and Sunday Mirror, will buy out the 80% it does not already own in the Local World in a deal that values the business at about GBP220m. The announcement was expected last week, but due to delays in finalising details, it was delayed until the stock market opened at 7am on Wednesday.

Read the whole story at The Guardian »

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