Sharewatch: Trinity Inches Up Following Job Losses

Trinity Mirror was seen in the spotlight yesterday, inching up 0.21% despite news of 45 further job losses across the editorial department of the Daily Mirror and the announcement that the Welsh edition of the paper will cease to exist as a stand alone title (see Jobs Go At The Daily Mirror As Cost Cutting Continues).

Elsewhere, BSkyB was seen under pressure, remaining stable at 704.5p, despite reports its monopoly over top-flight English football looks set to come to an end after the European Commission warned it will force the Premier League to auction off its football right packages individually (see BSkyB Could Face Red Card Over Premiership Rights Bid).

Broader market sentiment was seen mixed yesterday after mixed economic indicators sent Wall Street downwards.

The closing prices of media company shares on Monday were: