Trinity Mirror in talks to acquire Local World

Wed, 16 Sep 2015 | MERGER

The Trinity Mirror company has confirmed that it is currently in talks with Local World regarding a potential acquisition or merger between the two newspaper companies.

The group is seeking greater scale in order to address its falling advertising revenues and sees the takeover of Local World as a positive move towards this end.

Markets welcomed the news, which broke over the weekend, and shares in Trinity Mirror were up seven per cent in Monday trading as they reached a one-month high.

At the moment, the matter is still at the stage of discussion, but should things go ahead then it could well see the creation of the UK's largest regional newspaper group. Local World operates around 100 newspapers at the moment and had considered an IPO earlier this year, but the interest from Trinity Mirror appears to have been seen as a favourable alternative.

The move comes as a recent report has highlighted that 'hyperlocal' journalism is gaining momentum. Commissioned by Cardiff University's Centre for Community Journalism and innovation charity Nesta and written by Damian Radcliffe, the report said that there are now 400 active hyper local websites and over 1,000 local newspapers.

However, these groups are finding themselves challenged both by training matters and financial resources and as a result, more mergers in the sector are expected.

Mr Radcliffe commented in Journalism.co.uk: “Mergers, content sharing initiatives and closer collaboration are going to be an increasing reality at a local as well as national level, especially in geographic areas where companies aren't necessarily in competition with one another.”


Find out more about buying a business.


Share this article



Latest Businesses for Sale

Unique Company Specialising in Quality, Scented Products
Warwickshire, UK Wide

This is a reputable and constantly growing company, receiving a significant amount of revenue through both new and existing customers and is ready for large scale expansion. Products are colourful, vibrant and playful and are created using only the f...

Asking Price: Offers Invited
Turnover: £1,600,000

LEASEHOLD


Membranes for Water Containment Solutions
Midlands, UK Wide

Specialises in turn-key water containment solutions, overseeing pond and lake construction, membrane lining and safe drinking water storage. Operates from a leasehold aquatic nursery able to accommodate over 10,000 m2 of coir products. Offers invited...

Asking Price: Offers Invited
Turnover: £1,700,000

Online Luggage Retailer
London, London, UK

Rapidly growing online luggage retail business. Much time, effort and money has been put into the online side of the business, with tens of thousands going into search engine optimisation and Adwords. This is now paying off as the business is a top s...

Asking Price: £799,995
Turnover: £1,700,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
20
 
Nov
 

Customer reviews specialist Feefo completes MBO | MBO/MBI

A company that provides a platform for customer reviews and ...

 
18
 
Nov
 

Kent childcare group sold to national charity | BUSINESS SALE

A Kent childcare group has been acquired by a chain of day n...

 
17
 
Nov
 

Warm Zones enters administration | ADMINISTRATION

A North Shields-based non-profit business dedicated to helpi...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
20
 
Nov
 

Customer reviews specialist Feefo completes MBO | MBO/MBI

A company that provides a platform for customer reviews and ...

 
18
 
Nov
 

Kent childcare group sold to national charity | BUSINESS SALE

A Kent childcare group has been acquired by a chain of day n...

 
17
 
Nov
 

Warm Zones enters administration | ADMINISTRATION

A North Shields-based non-profit business dedicated to helpi...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources