Trinity Mirror plc (LSE: TNI) is a large British newspaper and magazine publisher. It is Britain's biggest newspaper group, publishing 240 regional papers as well as the Daily Mirror, Sunday Mirror, People, Sunday Mail and Daily Record. Its headquarters are at Canary Wharf in London. Listed on the London Stock Exchange, it is a constituent of the FTSE 250 Index.
[edit] History
The Daily Mirror was launched by Alfred Harmsworth for gentlewomen in 1903.[2] The company was first listed on the London Stock Exchange on 2 December 1953.[3]
In 1984 Pergamon Holdings, a company owned by Robert Maxwell acquired the Daily Mirror.[2] The Company was relisted as Mirror Group in 1991.[4]
The company went on to buy Scottish & Universal Newspapers in 1992 and in 1997 it acquired the Birmingham Post and Mail.[2]
Trinity Mirror was formed in September 1999 by the merger of Trinity plc, a company formed in 1985 to buy the Liverpool Post and Echo, with Mirror Group plc. As a condition of the merger Trinity Mirror was forced to sell the Belfast Telegraph group.[2]
During 2005 the company introduced a number of measures to manage discretionary spending more carefully some of which attracted press attention.[5]
In 2007 the company sought to sell a number of titles: the Reading Chronicle was sold to Berkshire Media Group[6] and 25 Trinity Mirror South titles were sold to Northcliffe Media.[7] On 1 October 2007 it was announced that the sale of the Racing Post had been completed: the entire sale process had raised £263 million.[8]
In September 2008 the company announced that it would be closing the printing plant in Liverpool after some 154 years of printing in the city and transferring the work to Oldham.[9]
[edit] Operations
Trinity Mirror's printing division, Trinity Mirror Printing Ltd, is located at nine press sites throughout the UK, printing and distributing thirty-six major newspapers for the UK, including the Daily and Sunday Mirror, The People, the Daily Record (in Scotland), and other contract titles including titles for the Guardian Media Group.[10]
Titles it owns, some via its subsidiary 'Mirror Group Newspapers' include:
Trinity Mirror Scotland (Scottish and Universal Newspapers)
It used to own a 43% share of The Independent.
It owned the News Letter, Donegal Democrat and Derry Journal until late 2003 when they were sold to the newly formed Local Press Ltd.
[edit] Subsidiaries
[edit] References
- ^ a b c d Annual Report 2008
- ^ a b c d Trinity Mirror: History
- ^ London Stock Exchange
- ^ Maxwell Scandal Timeline
- ^ Trinity Mirror "cancels Christmas"
- ^ Trinity Mirror sells Berkshire Regionals for £10m
- ^ Northcliffe buys 25 titles from Trinity Mirror
- ^ Trinity Mirror calls halt to disposals
- ^ Up to 100 jobs at risk as Trinity Mirror plans to close Liverpool print plant
- ^ Oldham's Economic Profile - Printing & Publishing, oldham.gov.uk. URL accessed March 29, 2007.
[edit] External links
