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Media: All about ... Trinity Mirror.(Trinity Mirror Newspapers)
As its chairman steps down, Jane Bainbridge asks what the future holds.
Even before last week's confirmation that Sir Victor Blank, the chairman of Trinity Mirror, was stepping down, the media world was abuzz with suggestions as to what his departure would mean for the newspaper publisher.
Speculation has been rife as to whether Blank's exit leaves the way open for the company to sell off its national titles, a move Blank was opposed to, but one favoured by some of its shareholders.
In the day following the official announcement, the US investment group Tweedy Browne increased its stake in the company to 5 per cent, pushing up its share price by 34p to 590p. Whoever Trinity Mirror selects as its new chairman, it looks likely that they, and its chief executive, Sly Bailey, will come under pressure from investors to split up the business.
Bookmakers are taking bets on the bidding for Mirror Group Newspapers, with the private equity group Candover the current favourite.
While its balance sheet may be keeping shareholders happy, Trinity Mirror's national titles are struggling (along with the rest of the market). The December circulation figures showed the Daily Mirror falling below the 1.7 million sales mark, with a decline of 1.29 per cent year on year.
The Sunday Mirror and The People also experienced year-on-year sales declines in December.
- Trinity Mirror poaches IPC media chief Bailey: executive who led magazine giant...
- Magazine article from: Marketing Week Singh, Sonoo December 12, 2002 700+ words
...has been poached by Trinity Mirror. On February 3, she...Bailey's brief at Trinity Mirror will be to reverse...flagship title the Daily Mirror. The newspaper's...on year. In July, Trinity Mirror reported a three per...
- British Venture Capital Firms Offer Bid on Trinity Mirror Publishing Concern.
- Newspaper article from: Sunday Business (London) (via Knight-Ridder/Tribune Business News) February 2, 2003 700+ words
Byline: Tim Webb Feb. 2--Trinity Mirror, publisher of the Daily Mirror and 240 regional newspapers, has received...discussions had developed into acquiring the whole of Trinity Mirror, not just its national newspapers. The talks...
- Executive Ouster at Britain's Trinity Mirror May Reflect Will of Investors.
- Newspaper article from: Sunday Business (London) May 23, 2004 700+ words
...real reason that forced Trinity Mirror to oust its Daily Mirror editor, Piers Morgan...more interestingly -- Trinity Mirror's institutional shareholders...shareholders applied pressure on Trinity Mirror to sack Morgan, including...
- Bad-news feeling on Trinity Mirror; MARKET REPORT.(Column)
- Newspaper article from: The Evening Standard (London, England) April 13, 2006 700+ words
...year for shareholders of Trinity Mirror, owner of the Daily Mirror, and it looks increasingly...news may be on the way. Trinity Mirror shares bounced off a two...today, will show that Trinity Mirror titles remain under pressure...
- Axel may return to target Trinity Mirror.
- Newspaper article from: Sunday Business (London) January 15, 2006 700+ words
Byline: Tony Glover Jan. 15--Trinity Mirror could again become a takeover target for German...shareholder, ordered an immediate retreat. Trinity Mirror, publisher of the Daily Mirror, lost about 10 percent of its circulation...
- IN BRIEF: TM examines customer base.(mobile marketing by Trinity Mirror...
- Magazine article from: Precision Marketing March 23, 2007 700+ words
Trinity Mirror is aiming to build a deeper understanding of its customers...Enpocket Platform will track every mobile interaction with Trinity Mirror brands, including the Daily Mirror and the Sunday Mirror, from SMS competitions to mobile...
- TRINITY Mirror, owner of [...].(Business)
- Newspaper article from: The Daily Mail (London, England) November 9, 2009 700+ words
| TRINITY Mirror, owner of the Daily Mirror, is set to close its final salary pension scheme to existing employees. The move will effect 3,000 members who will switch...
- Trinity Mirror shattered.
- Magazine article from: Investors Chronicle - magazine and web content June 30, 2008 700+ words
...the start of the year as slowdown bites Trinity Mirror, owner of the Sunday and Daily Mirror newspapers and a number of local titles...continued to grow, rising 24.4 per cent. Trinity Mirror's shares have fallen by almost a third...
