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UPDATE 1-Trinity Mirror in talks to combine with Richard Desmond's UK papers

Tue, 10th Jan 2017 07:46

(Adds details)

LONDON, Jan 10 (Reuters) - Newspaper group Trinity Mirror said it was in early talks about investing in a newcompany comprising assets owned by Northern & Shell, RichardDesmond's group that owns the Daily Express and Daily Startitles.

The British publisher of the Daily Mirror said on Tuesdaythat no offer had been made and there was no certainty that anyagreement would be reached.

A combination would unite the left-leaning Mirror with theDaily Star tabloid and the Express, one of the biggestcheerleaders for Brexit. The titles rank fourth, sixth andeighth respectively in the national newspaper rankings compiledby ABC.

British newspaper groups are battling falling printcirculation and weakening demand from advertisers.

Analysts have said consolidation could deliver savings andgive publishers breathing space to better monetise their onlinecontent.

Richard Desmond established his media empire by publishingspecialist magazines, including adult titles like the Britishedition of Penthouse. He launched celebrity title OK! in 1993.

He bought the Express titles, which also include the SundayExpress, in 2000 for 125 million pounds ($152 million).

The early stage talks were first reported by Bloomberg.

($1 = 0.8230 pounds) (Reporting by Paul Sandle; editing by Sarah Young)

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