Reuters: Far-Left Daily Mirror Seals £127 Million Deal to Buy Right-Wing Daily Express

Job cuts are anticipated at one of Britain’s only remaining right-wing newspapers after plans for a takeover by the far-left Trinity Mirror group were agreed, reports the Reuters news service.

The buying group has in the past helped found radical left groups like ‘Hope not Hate’ and has provided platforms for radical attacks on British conservatism and Brexit. In their report, Reuters states:

The publisher of Britain’s Daily Mirror has agreed to pay 126.7 million pounds in cash and shares to buy rival titles the Daily Express and Daily Star in the biggest shake up of the embattled newspaper industry in years.

The takeover brings together tabloids from the opposite ends of the political spectrum plus celebrity magazines including OK! to create a larger company better able to combat declining sales and the move of readers and advertisers online.

Both the left-leaning Daily Mirror and the right-leaning Express have seen their circulation tumble in recent years.

Read the rest at Reuters.com


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