Trinity Mirror plc to acquire GMG Regional Media

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FDN Database Reference:  F231109-320
Acquirer:  Trinity Mirror plc
ACQ Web:
Other Web Links: Annual Report
Head Office: UK, London
Region:  Europe 
Description:  Trinity Mirror is one of the UK’s largest newspaper publishers with a portfolio including five national newspapers, over 120 regional newspapers and more than 400 digital products. The Group employs over 6,500 people in more than 68 locations across the UK, including eight print sites. The Group has two trading divisions: Regionals and Nationals.
Category:  Newspapers, Media
Contact 1: Sly Bailey, Chief Executive
Contact 2: Vijay Vaghela, Finance Director
Contact 3: Paul Vickers, Secretary and Group Legal Director
Contact 4: Mark Hollinshead, Managing Director, Nationals
Contact 5: Georgina Harvey, Managing Director, Regionals 
Vendor:  Guardian Media Group plc
Vendor Web:
Other Web Links: The Scott Trust
Location:  UK, London
Region:  Europe
Business Sold: GMG Regional Media    
Location:  UK, Manchester
Description:  GMG Regional Media, which publishes 32 newspapers and associated websites, is formed of two operating businesses: MEN Media and S&B Media. MEN Media publishes 22 titles in the North West of England, including the flagship Manchester Evening News and Metro. S&B Media publishes 10 titles in the South of England, including the Surrey Advertiser and Reading Post.
Category: Newspapers, Media
Contact 1:  Carolyn McCall OBE, Chief Executive
Contact 2:  Andrew Miller, Group CFO
Contact 3:  Tim Brooks, Managing Director, Guardian News & Media
Contact 4:  Mark Dodson, Chief Executive, GMG Regional Media
Contact 5:  Stuart Taylor, Chief Executive, GMG Radio

Analysis of the consideration

  • Release of long term printing contract £37.4 million
  • Cash payable on completion  £7.4 million
  • Total consideration    £44.8 million

Details:  Trinity Mirror plc has announced that it has exchanged contracts to acquire GMG Regional Media, from Guardian Media Group plc. Trinity Mirror will not be acquiring Channel M, the TV station for Greater Manchester and the two local newspapers in Woking. The businesses made an operating profit of £nil in the 12 months to December 2009 and have gross assets of £8.7 million. The total consideration is £44.8 million as set out below. The transaction is due to complete on 28 March 2010.


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