4th Sep 2013 11:19
LONDON (Alliance News) - Trinity Mirror PLC confirmed Wednesday that it had sold its subsidiary Trinity Mirror Digital Property, which owns smartnewhomes.co.uk, email4proprerty.co.uk, homesoverseas.co.uk and zoomf.com to Zoopla Property Group Ltd for GBP3.3 million.
Trinity Mirror had revenues of GBP2.9 million and an operating profit of GBP500,000 in the year ended December 30 2012. It said in a statement that this sale would have no impact on its strategy to grow its digital revenues.
The media publisher's shares were trading down 0.2% at 121.25 pence Wednesday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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