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Trinity Mirror's 'Local World' Deal Builds Largest UK Local News Business
- The Times, Thursday, October 29, 2015 6:32 AM
The largest regional news group in the country will be created by Trinity Mirror with its takeover of Local World in a GBP187.4 million deal. The publisher of the Daily Mirror and Sunday Mirror will become the owner of 183 newspaper titles around the UK when it buys the 80% of shares it does not already own in Local World for GBP154.4 million in cash. It will also assume GBP27m of debt and incur £6 million of transaction costs.
