UK newspaper group
The publisher said it had decided to retain its assets in the Midlands and the southeast, despite having outlined plans in December to sell its regional titles in the Midlands, London and the southeast, including the Birmingham Post and South London Press.
A buyout consortium that included
However, Trinity Mirror said in a statement: “Ultimately, it became clear that offers received for some of the group’s assets did not reflect the board’s assessment of their true value, their earnings potential or the strong positions they hold in their particular markets.”
Trinity Mirror succeeded in selling its sports division, including the Racing Post newspaper, to
The group’s sports unit business has been acquired by
Trinity Mirror was advised by Rothschild in connection with this process.