The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTrinity Mirror PLC Share News (TNI)

  • There is currently no data for TNI

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Daily Mirror publisher to become "Reach" after Daily Express buy

Mon, 05th Mar 2018 11:17

LONDON, March 5 (Reuters) - Daily Mirror publisher TrinityMirror plans to change its name to Reach, reflecting theBritish firm's expanded stable of newspapers after last month'sdeal to buy the Daily Express and Daily Star titles, it said onMonday.

The name change will be proposed at the group's annualshareholders' meeting on May 3, Trinity Mirror said.

The group also published 2017 results which showed revenuefell 12.6 percent to 623.2 million pounds ($861 million), andpretax profit down 8 percent.

Trinity Mirror blamed the difficult trading environment forthe declines, as readers and advertisers move online, andreiterated its belief that by buying the Daily Express and othertitles, it would be better placed to grow in the medium term.

The acquisition, completed on Feb. 28, unites tabloids fromopposite sides of the political spectrum and with conflictingviews on Brexit, in a strategy aimed at creating a biggercompany better able to cope with the switch away fromtraditional print news.

Illustrating that challenge, Trinity Mirror said underlyingprint advertising revenues were 19.3 percent lower in 2017.

Trinity Mirror said it expected the acquisition of the DailyExpress and other titles to be earnings enhancing in 2018 andsaw the outcome for the year in line with expectations. It alsolifted its final dividend by 6 percent to 3.55 pence per share.

Shares in Trinity Mirror, which has a market capitalisationof 225.4 million pounds, traded up 2.9 percent at 77.3 pence at1056 GMT.($1 = 0.7239 pounds)(Reporting by Sarah YoungEditing by Alexander Smith)

More News
25 Jul 2016 15:11

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
8 Jul 2016 11:27

New "pop-up" paper launches for Britons hankering after the EU

* "The New European" released in Britain's pro-EU cities * Quick release aims to capture the moment after Brexit vote * Weekly paper released as print media struggles By Alistair Smout LONDON, July 8 (Reuters) - A new "pop-up" newspaper aimed at the 48 percent of Britons w

Read more
8 Jul 2016 09:12

EXTRA: Johnston Press Reports Boost To 'i' Readership Following Brexit

Read more
5 Jul 2016 08:39

BROKER RATINGS SUMMARY: Jefferies And Liberum Downgrade UK Retailers

Read more
4 Jul 2016 08:21

CORRECT (01/07): WINNERS & LOSERS SUMMARY

Read more
1 Jul 2016 09:11

WINNERS & LOSERS SUMMARY: Dignity And Genus Benefit From Upgrades

Read more
1 Jul 2016 08:03

BUZZ-Trinity Mirror: rallies on in-line update

** British Newspaper publisher Trinity Mirror +4%, among top 10 gainers on FTSE Small Cap index & bouncing off lows last since in 2013 as estimates H1 results in-line with expectations ** Liberum repeats "buy", says newspapers proved important as advertising medium during EU referendum camp

Read more
1 Jul 2016 06:50

Trinity Mirror Revenue Lower But Decline Slows In Second Quarter

Read more
24 Jun 2016 15:11

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
21 Jun 2016 20:45

UK newspaper Daily Mirror backs "Remain" in EU referendum

LONDON, June 21 (Reuters) - Britain's left-leaning Daily Mirror newspaper has urged its readers to vote to remain in the European Union in Thursday's referendum. "This paper certainly has its issues with the EU but after the most divisive, vile and political campaign in living memory, we sa

Read more
20 Jun 2016 10:25

PRESS: UK Newspaper Groups In Talks For Advertising Sales Venture - FT

Read more
3 Jun 2016 15:04

UK Dividends Calendar - Next 7 Days

Read more
6 May 2016 08:38

BROKER RATINGS SUMMARY: Citi Downgrades Centrica To Neutral From Buy

Read more
5 May 2016 15:14

Dividends Calendar - Week Ahead

Read more
5 May 2016 11:39

UPDATE 1-British tabloid paper closes after just two months

(Adds background, details) By Kate Holton LONDON, May 5 (Reuters) - The first national newspaper to launch in Britain in 30 years is to close after just two months, its publisher Trinity Mirror said on Thursday, after it failed to find readers in a print market decimated by the growth

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.