Trinity Mirror, the UK’s biggest newspaper publishing group, whose national portfolio includes the Mirror, Sunday Mirror and Sunday People, agreed on Friday a £284.6 million ($407m) deal for the acquisition of weekly newspaper group Southnews.
London-based Southnews has eighty-four weekly controlled circulation and cover-price titles in London and the south-east region. It posted pre-tax profits of £7.8m in the half-year to September 30.
Trinity forecasts that the buy will start to enhance the group’s earnings as of next year.
News Source: CampaignLive (UK)