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February 9, 2018updated 12 Feb 2018 5:45pm

Trinity Mirror buys Express Newspapers: What the deal means for plurality and why hacking scandal won’t stop it

By Dominic Ponsford

Contrast the fortunes of Twitter with that of the UK national press group Express Newspapers.

The former has lost some £2bn since its launch in 2006 and has a market capitalisation of more than £20bn.

The latter made an EBITDA profit figure of £34m last year and has delivered healthy returns every year since it was bought by Richard Desmond in 2000 for £125m. It was just bought by the UK’s largest newspaper publisher Trinity Mirror for £126.7m in a deal which valued the business at £184.2m (just over five times annual profits, so in relative terms – a pittance).

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