9. Feb, 2018

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The owner of the Mirror newspaper group has sealed a £200m deal with Richard Desmond to buy his Express and Star national titles, as well as the celebrity magazine OK!

Trinity Mirror, the publisher of the Labour-supporting Daily and Sunday Mirror as well as the Sunday People, has paid £126.7m for Desmond’s Brexit-supporting titles. The company has also agreed to invest £70.4m in staff pension schemes through to 2027.

Simon Fox, the chief executive of Trinity Mirror, said the five national newspapers would remain editorially independent.

“The Mirror is not going to go right-wing and the Express is not going to go left-wing,” he told the Guardian. “They will absolutely all have editorial independence. Decisions on what goes into each title will be entirely down to the editors.”

Richard Desmond agrees to sell newspapers along with celebrity magazine OK!
theguardian.com