Daily Record owner in talks to buy stake in Express publisher

The Daily Record and Daily Mirror owner is in talks to buy a stake in the group behind the Daily Express. Picture: TSPL

This article contains affiliate links. We may earn a small commission on items purchased through this article, but that does not affect our editorial judgement.

The publisher of the Daily Record and Daily Mirror newspapers today said that talks are under way to acquire a minority stake in Daily Express publisher Northern & Shell.

Trinity Mirror said that discussions are at an “early stage” with the group, which is owned by Richard Desmond, “towards taking a minority interest in a new company comprising certain of Northern & Shell’s assets”.

The group added: “No offer has been made and there is no certainty that any agreement will be reached.”

It is the second time in under a year that Trinity has opened talks with Northern & Shell, which owns the Daily Express and Daily Star titles.

Desmond acquired the newspapers in 2000 for £125 million.

Click here to ‘Like’ The Scotsman Business on Facebook