Trinity Mirror’s acquisition of Guardian Media Group’s regional businesses, including Manchester Evening News publisher MEN Media, and plans to relocate MEN Media staff to Oldham has stirred mass discussion amongst media commentators online. Below are links breaking down the fundamental aspects of the story:
The Guardian’s Steve Busfield covers the imminent MEN move, reporting claims by Carolyn McCall, the chief executive of Guardian Media Groups, that the £44.8m sale of GMG is in the best interests of GMG Regional Media.
Holdthefrontpage.co.uk has a statement from Bethan Dorsett, organiser of the NUJ chapel at MEN Media Weeklies, and Judith Gordon, director of the MEN chapel, describing their concerns for MEN staff.
The Drum covers the various reactions produced by the deal, questioning whether Trinity got a good deal or gained a dying media group, including comments from analyst Jim Chisholm, who told the Drum it was “a great deal for Trinity Mirror” though “not such a great reflection of the way the regional print industry is today viewed”.
On Press Gazette, the financial benefits of the deal to GMG and Trinity Mirror – pointing towards the FT’s analysis of the sale, which considers the issue of consolidation, but comes down in favour of TM saying it was a bargain for the group.
Crain’s Manchester business takes notice of the exclusion of Channel M in the GMG sale to Trinity Mirror. Channel M lost GMG a significant amount of money since it’s launch and its segregation has left questions being asked about the channels future.
- GMG sells regional media business to Trinity Mirror for £44.8m
- GMG Regional Media chief exec confirms talks without naming Trinity Mirror
- NUJ members in Manchester join forces after MEN sale
- Former Trinity Mirror employee Craig McGill on the GMG Regionals sale
- Media Guardian: ‘Massive reduction’ in GNM’s loss next year, says chief executive McCall