Trinity Mirror buys Daily Express,Daily Star and OK magazine
Simon Fox, CEO of Trinity Mirror, the owner of Mirror newspaper group has bought Daily Express, Daily Star, OK magazine for £200m from Richard Desmond.
Trinity Mirror paid £126.7m for Brexit supporting newspaper titles. The company also agreed to invest £70.4m in staff pension schemes through to 2027.
The company’s shares surged 15% in early trading with investor buoyed by the financial benefits and cost-saving opportunities of the most influential mergers among the British national newspapers in decades.
According to Simon Fox “ The Mirror is not going to go right-wing and the Express is not going to go left-wing.”
Trinity Mirror wanted to make a £20m annual saving with 39,3m from “content generation”.
According to ABC’s monthly news brands report in December 2017:
| Daily Mirror | 581,877 |
| Sunday Mirror | 493,069 |
| Sunday People | 191,188 |
| Daily Express | 364,933 |
| Sunday Express | 317,893 |
| Daily Star | 391,509 |
| Daily Star Sunday | 239,853 |