Sharewatch: Trinity Rises On Sell-Off Speculation

Trinity Mirror was seen in focus as investors considered news that new chief executive, Sly Bailey (see Bailey Leaves IPC To Replace Graf At Trinity Mirror), has reportedly called a end to the paper’s price-cutting strategy and has refused to rule out selling titles or the group as a whole. The stock inched up 0.78%.

Elsewhere, ITV partners, Carlton and Granada, remained in focus on reports that many of Britain’s biggest advertisers reduced their spending on ITV last year as the network’s share of viewing continued to fall. The stocks extended losses by 7.32% and 1.89% respectively.

The closing prices of media company shares on Wednesday were: