Additional Information


Johnston bid for Mirror titles referred
to Competition Commission

LONDON - The bid by Johnston Press to buy eight local newspapers from Trinity Mirror has been referred to the Competition Commission by the Department of Trade and Industry.

Share this article

Competition minister Melanie Johnson said the deal had to be subjected to a competition enquiry because Johnston's control of certain local newspaper markets will rise substantially after the deal.

In Northampton, cited as one example, Johnston will, if the deal goes through, control 96% of the market.

Such high concentration of ownership is of considerable concern to advertisers, which are said to be concerned that it would allow Johnston to hike up advertising rates.

The proposed deal involves a £16.1m offer from Johnston for titles including the Peterborough Herald & Post, the Derby Trader and the Northampton Herald & Post.

Johnston Press is also one of three publishers trying to buy Regional Independent Media, the regional newspaper business and publisher of the Yorkshire Post, which was set up when venture capitalist Candover bought the newspaper publishing assets of United Business Media.

The DTI has given the three bidders -- Johnston, Gannett and Guardian Media Group -- another year to put together a bid for the company since its last one was rejected by Candover.

If you have an opinion on this or any other issue raised on Brand

Republic, join the debate in the Forum here.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Additional Information

Latest jobs Jobs web feed

Back to top ^