Hard Times for Media Companies in the City

OK not picking on Trinity Mirror but examine following facts.

they own

• 5 national newspapers - including Daily Mirror, Daily Record
• 15o regional newspapers including traditional cash cows such as WesternMail, Liverpool Echo and Birmingham Post
• 200 local press websites
• And their acquired online portfolio - including Hot Group/Workthing bought for £55m, Email4property, Gaapweb, SecsintheCity, TotallyLegal/TotallyFinancial amd 33% stakeholders in fish4.

And their market capitalisation yesterday was £134m

ouch....