Regional newspaper group Trinity was issued with a deadline for the required disposal of its Northern Ireland titles on Friday, making its £2 billion deal with the Mirror Group wholly unconditional from today. The Department of Trade and Industry has allowed the regional newspaper group 12 months to sell the titles, which include the Belfast Telegraph.
Under terms set out when the merger was sealed Trinity was ordered to sell four of its titles –Belfast Telegraph, Sunday Life, Community Telegraph and Farm Trader– and their related newspaper assets as a condition of acquisition to allow for the maximum diversity of titles within Northern Ireland (see Trinity And Mirror Seal Merger In £2bn Deal).
Trinity’s only comment on interest in the titles today was to say there is an “orderly queue of prospective buyers.” Under the terms of the DTI announcement Trinity may retain a holding of up to 19.9% in the titles.
Trinity: 01244 687 000
Media Jobs
Hello. We have downloaded cookies on your device. Some of these cookies are essential for the website to function. Others are non-essential and are used for analytics and advertising.
We need your consent for these types of cookies.
To withdraw your consent or change your cookie choices, please do this through your browser settings.
Otherwise, click OK to accept and continue.
