Trinity Mirror in talks to buy Local World

Trinity Mirror is reportedly in talks to buy regional publisher Local World for an estimated £200 million, according to the Guardian.

The parent company of the Daily Mirror, Sunday Mirror and Sunday People already has a 19.98% stake in Local World after paying out £14 million in 2012, however, majority stakes are currently held by the Daily Mail & General Trust’s Northcliffe Media (38.73%) and Iliffe News & Media (22.3%).

Founder and former Trinity Mirror chief executive, David Montgomery, also holds a stake in the business.

If the acquisition goes ahead, Trinity Mirror will gain more than 100 regional titles from the newspaper group, which was formed in 2012, including Cambridge News, the Essex Chronicle and Leicester Mercury.

The rumour comes as Trinity Mirror records declines in all of its print titles, with the Sunday Mirror dropping more than 16,500 copies in February.