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Leadership

Trinity Mirror to buy Guardian’s regional newspapers

09.02.2010
The Trinity Mirror group has agreed to buy the regional newspaper titles belonging to the Guardian Media Group (GMG) for £44.8m.

Under the deal, GMG will sell two businesses to Trinity Mirror - MEN Media and S&B Media.

MEN Media publishes 22 titles in the north-west of England, including the flagship Manchester Evening News. S&B Media publishes 10 titles in the south of England, including the Surrey Advertiser and Reading Post. 

GMG said that its CEO of GMG Regional Media Mark Dodson has decided to leave the business.

David Sharrock, who is currently Chief Operating Officer of GMG Regional Media, has been appointed as Managing Director of MEN Media.

S&B Media will be managed as part of Trinity Mirror’s existing publishing business in the south of England. Ruth Spratt, Managing Director of MEN Media, has also decided to leave the company, GMG said.

“The Manchester Evening News and its sister titles have made a huge contribution to the fortunes of the group for the best part of a century,” said Carolyn McCall, CEO of the GMG.

“GMG Regional Media is a good business and a publisher of important newspapers. However, we believe Trinity Mirror, as one of the UK’s biggest regional publishers, is best placed to develop this business in a market that is likely to consolidate further. We are therefore confident that this decision is in the best long-term interests of the regional business and its staff, as well as delivering real value for the group,” she added.

 

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