What if the Express suddenly became anti-Brexit ????
www.nytimes.com/2017/09/08/business/dealbook/trinity-mirror-shell-media-tabloid.html?mcubz=3
LONDON - The publisher of The Daily Mirror, a left-wing British tabloid,
said on Friday that it was negotiating to acquire the print assets of the
Northern & Shell Media Group, which owns two rival right-wing tabloids,
The Daily Express and The Daily Star, and OK!, the celebrity magazine.
The announcement came after Trinity Mirror, which publishes more than 150
newspapers in Britain and Ireland, including The Manchester Evening News,
said in January that it was in early-stage talks to acquire a minority
stake in a new company that would include assets of Northern & Shell.
If completed, the sale would signal the exit of Richard Desmond, Northern
& Shell's colorful chairman and founder, from the news media industry. Mr.
Desmond is a billionaire who made his money in the pornography and
celebrity magazine businesses.
"There is no certainty that any transaction will be agreed or completed,"
Trinity Mirror said in a news release on Friday.
Trinity Mirror had shown interest in Northern & Shell's newspaper brands
as recently as two years ago, but it did not reach a deal. Instead,
Trinity Mirror acquired the newspaper publisher Local World Holdings in
November 2015 for 187.4 million pounds, or about $246 million, including
debt.
Northern & Shell is the publisher of The Daily Express, The Sunday
Express, The Daily Star and The Daily Star Sunday. The company has owned
the tabloids since it acquired their publisher, Express Newspapers, in
2000.
It also publishes the celebrity magazines OK!, New! and Star.
The transaction is subject to shareholder and regulatory approval.
Northern & Shell previously owned the British television broadcaster
Channel 5 but sold it to Viacom in 2014 for £450 million. Northern & Shell
bought Channel 5 in 2010.
The discussions come as newspapers have struggled with falling circulation
and declining print advertising, and publishers are looking to control
costs to remain viable.