Business

Former ‘Mirror’ chief seals ‘Daily Mail’ regional shake-up

November 21, 2012

‘Daily Mail’ will sell its titles to the new company called Local World for RM256 million. ― Reuters pic‘Daily Mail’ will sell its titles to the new company called Local World for RM256 million. ― Reuters picLONDON, Nov 21 ― Daily Mail has agreed to sell its regional titles to a new company led by tabloid veteran David Montgomery in the biggest shake up to the British newspaper market for years.

Under the plans, Daily Mail will sell its titles to the new company called Local World for £52.5 million (RM256 million) and receive 39 per cent in the new media group.

Trinity Mirror, the Iliffe family and financial investors will take the remaining stakes.― Reuters

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