17th Mar 2015 06:46
LONDON (Alliance News) - Trinity Mirror PLC is in talks about buying the Daily Express and has been given access to the newspaper group's accounts, The Times reports Tuesday citing people with knowledge of the situation.
The Times quotes one person as saying talks are at an early, information-sharing stage, but also quotes another saying that negotiations are advanced and Daily Express owner Richard Desmond could bank as much as GBP100 million if the sale goes ahead. The price and a GBP85 million pension deficit remain sticking points, the newspaper says.
It is not know whether the Daily Star would be part of any deal, The Times adds.
Trinity Mirror and Desmond's Northern & Shell declined to comment to the newspaper.
http://www.thetimes.co.uk/tto/business/industries/media/article4384163.ece
By Steve McGrath; [email protected]; @stevemcgrath1
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