- Trinity Mirror
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Trinity Mirror plc 
Type Public (LSE: TNI) Industry Publishing Founded 1903 Headquarters Canary Wharf, London, England Key people Ian Gibson (Chairman of the board), Sly Bailey (CEO) Products National and regional newspapers, magazines Revenue £761.5 million (2010)[1] Operating income £138.0 million (2010)[1] Profit £113.3 million (2010)[1] Employees 6,500 (2010)[2] Website www.trinitymirror.com Trinity Mirror plc (LSE: TNI) is a large British newspaper and magazine publisher. It is Britain's biggest newspaper group, publishing 240 regional papers as well as the national Daily Mirror, Sunday Mirror and People, and the Scottish Sunday Mail and Daily Record. Its headquarters are at Canary Wharf in London. Listed on the London Stock Exchange, it is a constituent of the FTSE SmallCap Index.
Contents
History
The Daily Mirror was launched by Alfred Harmsworth for gentlewomen in 1903.[3] The company was first listed on the London Stock Exchange on 2 December 1953.[4]
In 1958 the International Publishing Company (IPC) acquired Mirror Group Newspapers, but IPC was in turn taken over by publishing giant Reed International in 1970.[5] In 1984 Pergamon Holdings, a company owned by Robert Maxwell, acquired the Daily Mirror[3] from Reed International. The Company was relisted as Mirror Group in 1991.[6]
The company went on to buy Scottish & Universal Newspapers in 1992, and in 1997 it acquired the Birmingham Post and Mail.[3]
Trinity Mirror was formed in September 1999 by the merger of Trinity plc, a company formed in 1985 to buy the Liverpool Post and Echo, with Mirror Group plc. As a condition of the merger Trinity Mirror was forced to sell the Belfast Telegraph group.[3] The next year, the company acquired the regional publisher Southnews.
During 2005 the company introduced a number of measures to manage discretionary spending more carefully, some of which attracted press attention.[7]
In 2007 the company sought to sell a number of titles: the Reading Chronicle was sold to Berkshire Media Group[8] and 25 Trinity Mirror South titles were sold to Northcliffe Media.[9] On 1 October 2007 it was announced that the sale of the Racing Post had been completed: the entire sale process had raised £263 million.[10]
In September 2008 the company announced that it would be closing the printing plant in Liverpool after 154 years of printing in the city, and transferring the work to Oldham.[11]
In February 2010, Trinity Mirror acquired the regional M.E.N Media and S&B Media divisions of the Guardian Media Group, containing 22 local titles across Northern England and in Surrey and Berkshire; this includes the Manchester Evening News and Reading Evening Post.[12]
In March 2010,Trinity Mirror stated that it will end its bout of staff cuts and newspaper closures. The announcement came as the company reported pre-tax profits of £72.7m for 2009, exceeding analysts expectations.[13]
Operations
For more details on this topic, see List of Trinity Mirror titles.Trinity Mirror's printing division, Trinity Mirror Printing Ltd, is located at nine press sites throughout the UK, printing and distributing thirty-six major newspapers for the UK, including the Daily and Sunday Mirror, The People, the Daily Record (in Scotland), and other contract titles including titles for the Guardian Media Group.[14] Trinity Mirror also owns a number of local titles in Northern England and in Surrey and Berkshire, after acquiring a number of titles from the Guardian Media Group in 2010. For a list of local and national titles owned by Trinity Mirror, see List of Trinity Mirror titles.
Subsidiaries
References
- ^ a b c Annual Report 2010
- ^ Trinity Mirror: Our Company
- ^ a b c d Trinity Mirror: History
- ^ London Stock Exchange
- ^ IPC Media website
- ^ Maxwell Scandal Timeline
- ^ Trinity Mirror "cancels Christmas"
- ^ Trinity Mirror sells Berkshire Regionals for £10m
- ^ Northcliffe buys 25 titles from Trinity Mirror
- ^ Trinity Mirror calls halt to disposals
- ^ Up to 100 jobs at risk as Trinity Mirror plans to close Liverpool print plant
- ^ "Manchester Evening News sold by Guardian Media Group". Manchester Evening News. 2010-02-09. http://www.manchestereveningnews.co.uk/news/business/s/1192028_manchester_evening_news_sold_by_guardian_media_group_. Retrieved 2010-02-09.
- ^ "Trinity Mirror to stop cutbacks". 4 March 2010. http://www.newstatesman.com/newspapers/2010/03/tax-profits-trinity-mirror-pre. Retrieved 5 March 2010.
- ^ Oldham's Economic Profile - Printing & Publishing, oldham.gov.uk. URL accessed March 29, 2007.
External links
Trinity Mirror National newspapers Regional newspapers Birmingham Mail · Birmingham Post · Sunday Mercury · Coventry Telegraph · Loughborough Echo · Stafford Post · Evening Chronicle · The Journal · Sunday Sun · Chronicle Extra · Evening Gazette · Herald & Post · Liverpool Echo · Liverpool Daily Post · Wirral News · Southport Visiter · Formby Times · Chester Chronicle · Runcorn and Widnes Weekly News · Ellesmere Port Pioneer · North Wales Weekly News · Huddersfield Daily Examiner · South Wales Echo · Celtic Weekly Newspapers · Paisley Daily Express · Ayrshire Post · Kilmarnock Standard · lrvine Herald · Lennox Herald · Dumfries & Galloway Standard · The Galloway News · Perthshire Advertiser · Blairgowrie Advertiser · Strathearn Herald · Stirling Observer · Airdrie & Coatbridge Advertiser · Wishaw Press · Hamilton Advertiser · East Kilbride News · Rutherglen Reformer · West Lothian Courier · Surrey Herald · Staines News · Buckinghamshire Advertiser · Uxbridge Gazette · Ealing Gazette · Harrow Observer · Surrey Advertiser · Reading Post · Manchester Evening News
CategoryCategories:- Companies listed on the London Stock Exchange
- Newspaper companies of the United Kingdom
- Companies based in London
- Companies established in 1903
- Trinity Mirror
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