FIRST AIRED: February 9, 2018

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00:00:01
>> It's the biggest shake-up in Britain's cutthroat newspaper industry in decades. Daily Mirror publisher Trinity Mirror has scooped up rival titles the Daily Express, Daily Star, and OK magazine for 127 million pounds, about $177 million. The takeover unites tabloids from opposite ends of the political spectrum and with conflicting views on Brexit.
00:00:24
While many big owners have sold out of the business in recent years, Reuters' Kate Holton says Trinity has been one of the groups who've actually bought more newspapers.>> And what it sees is that it can be a large newspaper owner, where it takes out lots of back office costs.
00:00:38
Where it has one large entity for advertisers, where it can put all its money together and invest in its Internet offering. It does believe that there is a viable business model out there. It just thinks that you have to be a very strong player to be able to succeed in this market.
00:00:52
>> Both newspapers are profitable, but circulation has been falling for a long time. The deal comes at a time when media companies across the spectrum are looking at how they can expand into new markets. Media tycoon Rupert Murdoch's Fox is working towards a $15 billion takeover of Sky, which could have wider repercussions for his proposed deal with Disney.
00:01:14
And the Trinity Mirror shakeup has been welcomed by investors. Its shares jumped 12% on the announcement.>> Because there was such pressures within the industry, there is a lot of change going on. There are new sites being developed, there are new ways of people trying to monetize content.
00:01:28
>> But layoffs do look likely, especially as Trinity Mirror says it plans to save 20 million pounds in annual costs by 2020.