Shareholders Pile Pressure on Trinity Mirror

18 May 2004

UK newspaper giant Trinity Mirror is under pressure from shareholders to ensure there is no repeat of the 'fake photos' scandal that has rocked flagship title the Daily Mirror.

The newspaper's high-profile editor Piers Morgan was sacked on Friday after the government concluded that pictures published by the Mirror purporting to show British soldiers abusing Iraqi prisoners were not genuine. Investors contacted TM last week to express concern that the row would hit the company's share price.

With Morgan gone, some shareholders want assurances from TM management that strict editorial policies are implemented in future.

"We're concerned that there are procedures in place to ensure that there was proper checking for stories for veracity," said Richard Singleton, director of corporate governance at Isis Asset Management, a minority shareholder in TM.

"It's something we would see as good management practice to safeguard the value of shareholders' investment."

Singleton expects "further contact" on the issue.

Data sourced from:; additional content by WARC staff