Palmer Casts Eye Over Trinity’s Irish Titles

David Palmer, the former group chief executive of the Financial Times, has emerged as a bidder for the Irish newspapers owned by Trinity Mirror.

According to The Times, Palmer has joined forces with the private equity firm HgCapital and held talks with Trinity and its adviser UBS as recently as last week. The Irish titles, which include the Belfast Newsletter and the Derry Journal, were put on the market at the end of July following a wide-ranging review by TM chief executive, Sly Bailey.

It is believed that his consortium is prepared to bid up to £40 million for the newspapers. However, it faces competition from the likes of IN&M, Scottish Radio Holdings and Ulster Unionist MP, David Burnside.

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