How-Do.co.uk exclusively reported this morning that Guardian Media Group (GMG) is “believed to be in talks” to sell the Manchester Evening News to Trinity Mirror [Update: and the rest of GMG Regional Media, according to the Telegraph].
How-Do, the north-west based media site, has few details to date but promises more soon. It had not managed to obtain comment from either group. It reported:
It is being suggested that GMG Regional Media is to be sold off in a bid to save jobs and continue with the Scott Trust’s overarching objective of protecting the interests of national paper the Guardian.
A figure of £40m has been mooted for the sale, but, again, at the time of writing this could not be confirmed.
Update: As noted in the comments, it was the Telegraph which ran the story first ten hours ago – for some reason its story didn’t show in Google News or a Bing web search (although it does appear in Bing News search). Apologies for the error.
Actually, the Telegraph ran the story first:
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/6828940/Guardian-discusses-selling-Manchester-Evening-News.html
Strange though that How Do still managed to run the story as an exclusive
It was me that called it ‘exclusive’ as couldn’t see mention of these talks elsewhere; How-Do’s article was ambiguous as to its source. My error, entirely.