By John Glenday

Trinity Mirror has proposed the full acquisition of the 80 per cent shareholding in Local World which it does not already own for £154.4m, putting an equity value on the full business of £193m.

On top of this Trinity Mirror has also agreed to shoulder a £27m debt burden from the business in addition to £6m in transaction costs.

When the dust settles the transaction will make Trinity Mirror the UK’s largest regional news publisher with a portfolio of websites drawing 120m monthly unique browsers and 790m monthly page views.

It is expected that this will deliver economies of scale to the combined Read full story ›

Source: The Drum