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Trinity Mirror - Division Sale
17/05/2004
It is reported that Trinity Mirror is expected to come under renewed pressure to sell it's national newspapers after the departure of Daily Mirror editor Piers Morgan. Investors have previously called on the group to sell the Daily Mirror, The People and The Sunday Mirror along with Scotland's Daily Record and Sunday Mail. US shareholders, including investment funds Fidelity and Tweedy Browne, own up to 20% of Trinity. These American investors, in the past, have voiced their unhappiness at the Daily Mirror's editorial line on the war in Iraq and critism of President Bush but they are now expected to make a renewed effort to force a disposal of the national titles. The credibility of chairman Sir Victor Blank and his chief executive, Sly Bailey, being called into question is thought to be largely to blame.
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