Daily Mirror Strikes Deal to Buy 30 Regional Publications
Daily Mirror Strikes Deal to Buy 30 Regional Publications

Official announcements have confirmed that the Daily Mirror owners have managed to seal a deal to purchase a group of regional newspapers, including the hugely acclaimed Manchester Evening News.

Under the terms of the deal, Trinity Mirror will be paying the owners of The Guardian, GMG, a total of 7.4 Million Pounds in return for ownership of as many as 30 publication titles, and to release the company from a long-term contract of printing worth 37.4 Million Pounds.

Also included in the deal are the flagship MEN title and 21 additional papers in the North West. The remaining 8 titles, however, like the Reading Post, are in the South of England.

Calling the deal and the titles acquired a "perfect strategic fit for our group", Sly Bailey, Chief Executive of Trinity Mirror, said that the acquisition of the titles and associated websites was a further step towards our strategic goal of creating a multi-media business of real scale".

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