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Northern & Shell to sell newspapers to David Montgomery, report says

Tue, 10th Jan 2017 12:26

(ShareCast News) - Richard Desmond may sell his Express and Star newspapers to a company set up by ex-Trinity Mirror, Local World and Mecom newspaper magnate David Montgomery, according to reports on Tuesday. Sky News reported that Montgomery, who sold regional newspaper group Local World to Trinity in November 2015, was in prime position to acquire the publishing arm of Northern & Shell, which also published OK! Magazine.Trinity confirmed earlier on Tuesday that it was "at an early stage of discussions towards taking a minority interest in a new company comprising certain of Northern & Shell's assets".This followed reports on Monday that suggested possible options could include Trinity buying certain publishing assets outright.According to Sky's sources, Montgomery was in talks with potential backers but also planned to inject a sizeable stake of his own in the proposed new business.
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23 Jul 2015 07:22

BUZZ-Daily Mail: worst day in 6 yrs as warns of weaker ad markets

** Daily Mail bottom of the Stoxx & poised for biggest one-day drop since April 2009 ** Co sees "marked deterioration" in British print advertising market meaning FY to be at lower end of expectations ** Stock down 8.1% at levels not seen since mid March in volume at a fifth of 90-day

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23 Jul 2015 07:21

UPDATE 1-Daily Mail lowers guidance as advertising markets worsen

(Adds analyst reaction, shares) LONDON, July 23 (Reuters) - The publisher of the Daily Mail newspaper and website said it had seen a "marked deterioration" in the British print advertising market that would result in full-year results coming in at the lower end of expectations. Total

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23 Jul 2015 06:18

Daily Mail lowers guidance as advertising markets deteriorate

LONDON, July 23 (Reuters) - The publisher of the Daily Mail newspaper and website said it had seen a "marked deterioration" in the British print advertising market that would result in full-year results coming in at the lower end of expectations. It said total underlying advertising revenue

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15 Jul 2015 15:17

Trinity Mirror executive arrested in UK phone-hacking inquiry

LONDON, July 15 (Reuters) - An executive from Britain's Trinity Mirror newspaper group was arrested on Wednesday in connection with a police investigation into allegations of phone-hacking by journalists on the publisher's papers. London police said detectives from Operation Golding, an inv

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26 Jun 2015 11:53

UPDATE 2-Trinity Mirror doubles cost-cut target as print ads continue slump

* Estimates H1 revenue fell 11 pct * Still sees FY profit in line with expectations * H1 print ad rev down 19 pct, circulation rev down 6 pct * Digital publishing revenue up 26 pct * Shares down 3.8 pct (Adds analyst comments, details, updates share movement) June

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26 Jun 2015 10:10

TOP NEWS: Tesco Pleases Market With Slower Sales Decline

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26 Jun 2015 09:37

LONDON MARKET MID-MORNING: Tesco Shines As Stocks Sunk By Greece

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26 Jun 2015 09:28

Trinity Mirror slumps on doubling of cost cuts and revenue warning

Trinity Mirror dropped nearly 4% on Friday after the company said it has doubled its targeted structural cost savings for the year to £20m due to a more challenging revenue environment. "This coupled with ongoing cost mitigation actions and continued investment to drive digital audience and revenue

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26 Jun 2015 08:26

BUZZ-Trinity Mirror: down on H1 revenue warning

** British newspaper publisher Trinity Mirror down c.5 pct, one of the top percentage losers on the LSE ** Sees an 11 pct drop in H1 revenue as print advertising markets continued to remain challenging ** Cost saving target has been increased to 20 mln stg from 10 mln stg ** Bar

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26 Jun 2015 07:27

LONDON BRIEFING: Tesco Slows Sales Decline, Lifts Supermarket Stocks

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