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Daily Mail to sell regional papers

The owner of the Daily Mail today agreed the sale of its local newspaper arm in a deal that will create a new force in regional publishing with more than 100 titles.

The owner of the Daily Mail today agreed the sale of its local newspaper arm in a deal that will create a new force in regional publishing with more than 100 titles.

Daily Mail and General Trust is selling its Northcliffe Media arm for £52.5m to a new joint venture, called Local World, which will also combine the regional newspaper assets of Iliffe News & Media, which owns the Cambridge News.

Trinity Mirror - owner of The Journal, Evening Chronicle and Sunday Sun as well as the Daily Mirror and Sunday Mirror - will take a 20% stake in Local World for £14.2m, it was nnounced.

The new group - worth around £100m - will include 16 daily titles, 36 paid weekly titles, 40 free weekly titles and two Metro newspaper franchises.

It will also publish a portfolio of 63 local websites, with a monthly audience of more than seven million.

Northcliffe boss Steve Auckland will become chief executive of Local World, with tabloid veteran David Montgomery appointed chairman.

 

Journalists

Dan Warburton
Chief News Reporter
David Whetstone
Culture Editor
Adrian Pearson
Regional Affairs Correspondent
Angela Upex
Head of Business
Mark Douglas
Chief Sports Writer
Stuart Rayner
Sports Writer