• STV
  • MySTV

Trinity Mirror in deal to buy Daily and Sunday Express

Publisher has struck a £126.7m deal to buy a string of titles from Richard Desmond.

The purchase will mark the end of Mr Desmond's 18 years as a UK newspaper owner.
The purchase will mark the end of Mr Desmond's 18 years as a UK newspaper owner. AP

The publisher of the Daily Mirror newspaper has struck a £126.7 million deal to buy a string of titles from Richard Desmond's media empire, including the Daily Express, the Daily Star and OK! magazine.

The purchase will mark the end of Mr Desmond's 18 years as a UK newspaper owner.

Trinity Mirror will pay an initial £47.7 million to Northern & Shell for the publishing rights, followed by £59 million between 2020 and 2023 and a further £20 million in shares to the privately-owned firm.

The move will bring together politically left-leaning titles like the Sunday Mirror, with more right-wing publications such as the Sunday Express.

Trinity Mirror chief executive Simon Fox has ruled out change in editorial tone across the major titles, but said it would spark £20 million a year in cost savings which will lead to job losses.

Mr Fox said: "The titles have separate editors and they know their readers best and have full control over the content - that will not change.

"The Mirror won't become right wing and the Express won't be turning left wing, that would be absolutely ridiculous for us to do that. "

As part of the deal, Trinity Mirror will seize control of Daily Star Sunday, celebrity magazines New! and Star, and a 50% slice of the Irish Daily Star.

Mr Fox said a chunk of the cost savings would come from sharing stories across titles, with the same sport and features content being used in both the Daily Mirror and the Daily Express.

However, he said it would be "entirely inappropriate" to take the same approach with the newspapers' political teams.

Focusing on cost savings, he said: "There will changes to both businesses over time and what we will do, as we did when we brought Local World, is to look to remove duplication.

He added: "There will be consequences for a number of jobs, but it is far too early to work out exactly how many."

He said the changes would hit the "production side and potentially the creation side", but stressed that both organisations would have "bigger teams" going forward.

Mr Desmond, chairman of Northern & Shell, branded the deal a "transformational transaction".

He said: "[It is] a logical and natural next step in the evolution and consolidation of the media sector and will create a larger and stronger platform serving all stakeholders.

"In Trinity Mirror we have a great partner, who will be an excellent steward of the business going forward, and I am delighted to be able to retain an ongoing interest in the combined group."

One account. All of STV.

This field is required. That doesn't look like a valid e-mail format, please check. That e-mail's already in our system. Please try again.
ShowHide
Forgot password?
This field is required. This must be at least 6 characters long. Did you enter your details correctly?
If you've forgotten your details then use the 'Forgot password?' link.
Need to reset your password?

We'll send a link to reset your password to

We've sent you details on how to reset your password

Please check your email and follow the instructions.

Forgotten your email address?

Have you forgotten the email address that you previously joined with? Don't worry, by emailing enquiries@stv.tv we can help.

One account. All of STV.

This field is required. Please enter at least 2 characters
This field is required. Please enter at least 2 characters
This must be at least 6 characters long.
ShowHide
This field is required. This must be at least 6 characters long.
You must be over 16 to join STV.
This field is required. This doesn't appear to be a valid date
We need this to check that you live in an STV region.
This field is required. This doesn't appear to be a valid postcode
Would you like us to email you about our great shows and services from time to time?
We'll only send emails we think you'll like (see example) based on information you have supplied and shows you have watched on STV Player. For details on emails and advertising, see our STV & You page.
Would you like to receive emails from the Scottish Children's Lottery about draws, instant games and competitions?
We support the Scottish Children's Lottery (SCL), which is managed by our colleagues at STV ELM Ltd. You can find out more about the SCL on it's website, including its Privacy Policy.

By continuing you agree to our Terms of Use, and understand our Privacy and Cookie Policies.

Upload Profile Picture

Please make sure your image is under 2mb in size and a valid JPG, PNG or GIF.

Are you sure?

Unfortunately, you'll be unable to access our premium content. We’ll be sorry to see you go, but if you change your mind you can rejoin us at any time.

Please verify your STV account

Please verify your STV account using the email we sent you. If you have lost the email, we can send you another one, just click the button below.

Thanks

We've sent you a new verification email.
Please check your email and follow the instructions to verify your account.

Welcome to STV
Thanks for joining us.

Oops!

Sorry, you must be at least 12 years old to place a vote for your Real Hero.

Please review our Voting Terms of Use for more information.

Oops!

Sorry! It seems that you are using a browser that is incompatible with our voting service.

To register your vote please copy the below URL in to your regular mobile browser. We recommend Google Chrome, or Safari.

http://shows.stv.tv/real-heroes/voting

Oops!

Sorry, you seem to have already voted in this category.

Thanks for voting

Now share your vote with friends on your social network

Share on twitter Share on facebook

Cast your vote

Please register or sign in to continue.

Cast your vote

This field is required. This doesn't appear to be a valid date

Cast your vote

Please fill out this form to cast your vote. As you are under 16 years old you will not create an STV account. Why do we need these details?

This field is required. Please enter at least 2 characters
This field is required. Please enter at least 2 characters
This field is required. That doesn't look like a valid e-mail format, please check.
Location This field is required.
Parental Consent This field is required.

That's you. All that's left is to click the 'Submit Vote' button below. By doing so, you confirm that you and your parent or guardian have read and accept our Voting Terms of Use, Privacy Policy and Cookie policy, and that the details you have entered are correct. We'll look after them as carefully as if they were our own.