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
4 Jun 2015 05:11

Dividends Calendar - Week Ahead

Read more
3 Jun 2015 15:03

Dividends Calendar - Week Ahead

Read more
3 Jun 2015 05:14

Dividends Calendar - Week Ahead

Read more
2 Jun 2015 15:26

Dividends Calendar - Week Ahead

Read more
2 Jun 2015 14:55

Dividends Calendar - Week Ahead

Read more
2 Jun 2015 05:16

Dividends Calendar - Week Ahead

Read more
1 Jun 2015 15:35

Dividends Calendar - Week Ahead

Read more
1 Jun 2015 05:16

Dividends Calendar - Week Ahead

Read more
29 May 2015 15:10

Dividends Calendar - Week Ahead

Read more
29 May 2015 05:17

Dividends Calendar - Week Ahead

Read more
28 May 2015 16:26

Dividends Calendar - Week Ahead

Read more
22 May 2015 08:54

BROKER RATINGS SUMMARY: Jefferies Raises Travis Perkins, Wolseley

Read more
21 May 2015 13:00

UPDATE 1-Phone-hacking victims win large damages from UK's Trinity Mirror

(Updates with group raising provision by 16 million pounds) By Estelle Shirbon LONDON, May 21 (Reuters) - Eight mostly celebrity victims of phone-hacking won a total of 1.2 million pounds ($1.9 million) in damages from Britain's Trinity Mirror newspaper group on Thursday in a court ru

Read more
21 May 2015 10:48

Phone-hacking victims win damages from UK's Trinity Mirror group

LONDON, May 21 (Reuters) - Eight mostly celebrity victims of phone-hacking won a total of 1.2 million pounds ($1.9 million) in damages from Britain's Trinity Mirror newspaper group on Thursday in the first civil lawsuit related to the tabloid scandal to conclude in court. The victims were a

Read more
21 May 2015 10:18

Trinity Mirror Increases Phone-Hacking Provision By GBP16 Million

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.