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Last Updated: Thursday, 14 December 2006, 07:37 GMT
Shake-up plan at Trinity Mirror
Daily Mirror
Price-cutting by rival papers has hurt the Daily Mirror
Newspaper publisher Trinity Mirror is to sell off the Racing Post and the rest of its sports division, as well as a number of regional papers.

The group plans to offload its regional titles in the Midlands, London and the South East.

Instead, Trinity Mirror will focus on national and regional newspaper titles in Scotland, the North of England and Wales, as well as UK digital assets.

The move comes amid falling advertising and circulation revenues.

Integrated model

Trinity Mirror said that group circulation revenue fell by 0.5% during the five months to November 2006.

The new integrated model will allow Trinity Mirror to develop as a multi-platform media business
Sly Bailey, Trinity Mirror chief executive

During the same period, total advertising revenues dropped 8.4% year-on-year.

For the regional division, advertising revenues dropped 8.6% year-on-year in the five-month period.

Bucking the trend was the sports division, which saw advertising revenues increase by 3.1% year-on-year.

As well as selling the regional and sporting titles, Trinity Mirror said it would look to boost its use of new technology.

According to the company, the plans will save it 20m by 2008.

Group chief executive Sly Bailey said that the programme of disposals and concentration on new technology would make the firm the one "of the most efficient and modern media groups in Europe".

"The new integrated model will allow Trinity Mirror to develop as a multi-platform media business and capitalise on the enormous strengths we have in our core markets," she added.


SEE ALSO
Trinity Mirror to review options
03 Aug 06 |  Business
Evening paper to come out earlier
01 Aug 06 |  Coventry/Warwickshire
Advertising drop hits Mirror firm
29 Jun 06 |  Business
Newspaper announces 64 job losses
09 Dec 05 |  Coventry/Warwickshire
Ad spending boosts Trinity Mirror
03 Mar 05 |  Business

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