Shares in some of the big publicly quoted American newspaper groups rose yesterday on the back of news of AOL’s £195m acquisition of the Huffington Post.

Gannett rose 2.8 per cent yesterday and the New York Times Company 2.7 per cent.

According to the Associated Press, the flurry of trading activity shows that investors are still interested in news companies. “The [Huffington Post] deal raised the value on leading branded digital properties,” one analyst told the newswire.