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18 July 2018
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Daily Mirror owner acquies Daily Express and Daily Star publisher

09 February 18 - RE+D Magazine
Daily Mirror owner acquies Daily Express and Daily Star publisher

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Newspaper publisher Trinity Mirror has agreed a near-£200m deal to buy a string of Northern & Shell titles including the Daily Express and Daily Star.

 

The deal will see the publisher of the Daily Mirror snap up national newspaper titles the Daily Express, Sunday Express, Daily Star and Daily Star Sunday and three celebrity magazines OK!, New! and Star.

It will also hold a 50pc slice of the Irish Daily Star. The acquisition price is £126.7m, but Trinity Mirror will also make a one-off £41.2m payment into the Northern & Shell pension scheme, then a further £29.2m through to 2027.

Simon Fox, Trinity Mirror chief executive, said: "This deal is a really exciting moment in Trinity Mirror's history, combining some of the most iconic titles in the UK media industry.

Source: Telegraph.co.uk

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