By John Glenday

Trinity Mirror is reportedly close to striking a deal to acquire Richard Desmond’s Daily Express after being blocked from taking over the Local World regional publishing group.

The parent publisher of the Daily Mirror, Sunday Mirror and Sunday People, has reportedly been in negotiation with Desmond’s Northern & Shell since March with a view to expanding its portfolio, according to the guardian.

Express Newspapers, parent of the Daily Express, Sunday Express, Daily Star and Daily Star Sunday, turned over a pre-tax profit of £16.7m in 2013 which gives the suite of titles a combined value of up to £80m.

Tortuous negotiations have dragged Read full story ›

Source: The Drum