Northern newspaper publisher, Regional Independent Media (RIM), yesterday announced a jump in operating profits of 22.5% to £31.4 million. RIM has tabled a takeover bid for the Mirror Group (see Trinity Offers £1 Billion For Mirror Group) and has applied to the Monopolies and Mergers Commission for the go-ahead to acquire the group.
Mirror has also received a £1 billion bid from Trinity International; both Trinity’s and RIM’s offers have been rejected by the Mirror board as inadequate.
RIM’s chief executive, Chris Oakley, has said that the group anticipates being involved in any further consolidation of the UK’s newspaper industry
Regional Independent Media: 0171 408 9600
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