Trinity Mirror

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Trinity Mirror plc is a large United Kingdom newspaper and magazine publisher. It is Britain's biggest newspaper group, publishing 240 regional papers as well as the Daily Mirror, Sunday Mirror, People, Sunday Mail and Daily Record. Its headquarters are at Canary Wharf in London and as of October 2005 it employs around 11,000 people. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

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[edit] History

Trinity Mirror was formed in September 1999 by the merger of Trinity plc and Mirror Group plc. As a condition of the merger Trinity Mirror was forced to sell the Belfast Telegraph group, a holding of the former Trinity plc which was acquired from Thomson Regional Newspapers during previous acquisition activity.

The group has followed a programme of cost cutting in recent years at its newspapers in a bid to boost its share price*[1]. This has reduced the number of journalists employed. In October 2005 it hit the news for "cancelling Christmas" as its latest cost cutting measure.* This was widely criticised by its staff on the factory forum [2][3].

Trinity Mirror's printing division, Trinity Mirror Printing Ltd, is located at nine press sites throughout the UK, printing and distributing thirty-six major newspapers for the UK, including the Daily and Sunday Mirror, The People, the two Independent titles, Scottish Daily Record, and other contract titles including titles for the Guardian Media Group.[1]

In 2007 Trinity Mirror decided to put up for sale a number of businesses: the Sports Division (Racing Post), the Trinity Mirror Southern (TMS) titles (main title: Reading Chronicle) and the Midlands division (Birmingham Post & Mail and Coventry Evening Telegraph). The sale process was said to be aiming to raise £550-600 million.[4]. The Reading Chronicle was sold to Berkshire Media Group and 25 TMS titles were sold to Northcliffe Media. On 1 October 2007 it was announced that the sale of the Racing Post had been completed, but the sale of the remaining TMS titles and the Midlands division had been halted.[5]. The entire sale process raised £263 million.

[edit] Titles

Trinity Mirror claims that over the course of one week around 20 million people read at least one Trinity Mirror newspaper—42 per cent of the adult UK population. Titles it owns, some via its subsidiary 'Mirror Group Newspapers' include:

Trinity Mirror Scotland (Scottish and Universal Newspapers)

It used to own a 43% share of The Independent.

It owned the News Letter, Donegal Democrat and Derry Journal until late 2003 when they were sold to the newly formed Local Press Ltd.

[edit] Subsidiaries

Evening Gazette (Middlesbrough)

[edit] References

  1. ^ http://www.oldham.gov.uk/working/economic_profile/printing_publishing.htm Oldham's Economic Profile - Printing & Publishing], oldham.gov.uk. URL accessed March 29, 2007.

[edit] External links

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