6th Jul 2007 07:01
Trinity Mirror PLC06 July 2007 Trinity Mirror plc agrees sale of regional titles in the South Trinity Mirror plc announces today that it has agreed to sell Kent RegionalNewspapers, East Surrey and Sussex Newspapers and Blackmore Vale Publishing,which form part of its regional business in London and the South East, for£64.15 million in cash representing a multiple of 1.9x 2006 revenues. The three businesses, comprising 25 titles, are being acquired by NorthcliffeMedia, the local media division of Daily Mail and General Trust plc. The process leading to the disposal of the business in the Midlands and theSports Division and the remaining assets in London and the South East continuesto make progress with completion expected in the third quarter. Trinity Mirror was advised by Rothschild in connection with this sale. Further enquiries Trinity Mirror Vijay Vaghela, Group Finance Director 020 7293 3000Nick Fullagar, Director Corporate Communications 020 7293 3622 MaitlandNeil Bennett 020 7379 5151 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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